Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Globaltrans Gains Most in 3 Weeks on VTB’s Buy Confirmation

Globaltrans Investment Plc, a London-traded rail-freight operator, rose after VTB Capital confirmed its buy recommendation, citing the acquisition of the Metalloinvesttrans railway unit and 2011 earnings.

Globaltrans’ global depositary receipts rose 3.1 percent to $16.90, the biggest gain since April 30, by the close in London.

VTB analysts led by Elena Sakhnova raised the price-estimate on the GDRs by 11 percent to $24, citing “the acquisition of Metalloinvesttrans, slightly better than expected 2011 financials and faster fleet expansion,” according to a note e-mailed today.

The company acquired the railway unit of Russian billionaire Alisher Usmanov’s iron-ore producer Metalloinvest on April 27. Globaltrans’ profit increased 40 percent last year as freight volumes climbed and financing costs declined.

Globaltrans is VTB’s “favourite pick” in the transportation industry, according to the note.

The company acquired Metalloinvest’s transportation unit that operates 9,200 freight cars for $540 million. VTB estimates the unit’s value at $700 million and sees the deal bringing $160 million to Globaltrans shareholders, according to the note.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.