Statement Re Potential Acquisition of MMK-Trans
OREANDA-NEWS. December 18, 2012. Globaltrans Investment PLC (the “Company” and together with its consolidated subsidiaries “Globaltrans” or the “Group”), (LSE ticker: GLTR) confirms that it is engaged in exclusive negotiations for the potential acquisition of a 100% interest in OOO MMK-Trans (“MMK-Trans”), the captive freight rail transportation operator of MMK Group. The potential acquisition of MMK-Trans is consistent with the Group’s strategy to seek out growth both organically and by means of selective acquisition with the aim of generating increased value for the Group and its shareholders. The Group is negotiating in parallel a long-term contract for the transportation of a significant part of MMK Group's freight rail volumes.
There is no certainty as to the outcome of the negotiations at this stage. An announcement will be made if mutually acceptable transaction terms are agreed.
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