Globaltrans’ Shareholder Starts Placing 5.6% of Capital

Russia’s Transportation Investment Holding Limited, or TIHL, a parent company of London-listed rail-freight operator Globaltrans Investments Plc (GLTR), started placing 10 million shares, or 5.6 percent of the share capital, the company said in a regulatory filing.

TIHL’s direct-ownership interest in Globaltrans will be 34.7 percent of share capital after the private placing, which will take place in the form of global depository receipts, according to the statement.

The company plans to earn $210 million during thе placement, Interfax said today, citing an unidentified person.

To contact the reporters on this story: Stepan Kravchenko in Moscow at skravchenko@bloomberg.net; Ekaterina Shatalova in Moscow at eshatalova@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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