OREANDA-NEWS. Industrial Investors Group successfully finished one of the main phases of intermodal transportation holding building on the base of Far Eastern Shipping Company (FESCO). FESCO has bought 50 % of “Transgarant” share, which is one of the largest Russian railroad industrial goods transportation company.

Owners of the rest 50 % of the “Transgarant” share will change their share fraction for share fraction of FESCO on the next stage of the process. Then the additional emission of FESCO shares is planned to be done.

In that way, aggregated FESCO holding will own 100% of “Transgarant” share and its current owners will become FESCO shareholders and Industrial Investors partners. This phase is planned to be finished by the end of the 1st quarter of 2007.

 “Transgarant” uses more than 12 thousand of rolling stock units, including tanks, open-top wagons, fitting platforms, wagons for rolled briquettes, grain, cement, minerals and other types of wagons. “Transgarant” operates on 15 of 17 Russian railroads, on railroads of countries of Former Soviet Union and has branches and offices in 20 Russian and foreign cities. The company income, according to the international accounting standards summed up to 3.7 billion of Roubles.