JSC TransContainer announced that the United Transportation and Logistics Company (UTLC) was registered as a legal entity on 13 November 2014.

According to Russian Railways’ announcement on 14 November 2014, the share capital of UTLC amounts to RUB 39.7 billion and Russian Railways holds 99.84% of the share capital of UTLC, while each of Belarusian Railway and JSC “Kazakhstan Temir Zholy” hold 0.08% of the share capital. Russian Railways is expected to contribute its equity stake in TransContainer to pay for UTLC shares in accordance with applicable Russian law requirements.

Petr Baskakov, CEO of TransContainer, has been appointed President (CEO) of UTLC.