Generalov Urges Sale of Transcontainer Stock, Vedomosti Says
OAO Transcontainer (TRCN) minority shareholders appealed to Prime Minister Dmitry Medvedev to allow more shares to be sold instead of being handed to a new international logistics operator, Vedomosti said, citing the shareholders’ letter to the premier.
Sergey Generalov, who is chairman of the Far Eastern Shipping Plc. (FESH) representing minority shareholders of the London- listed rail freight operator, said the transfer of Transcontainer’s shares to the new transportation operator from Russia, Belarus and Kazakhstan, as proposed by OAO Russian Railways, would hamper Russia’s railway reform and private investments in the industry.
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