Controlling Stake Of First Cargo Company Will Be Sold To Strategic Investor

Controlling stake in the First Cargo Company  will be sold to a strategic investor, Senior Vice President of Russian Railways (RZD) Valeriy Reshetnikov told reporters. 


According to him, the decision was made at the governmental level.


JSC "First Cargo Company" is one of the largest railway operators in Russia. The company was established in July 2007, independently managed a car fleet in November of that year. It currently ownes over 200 thousand units of rolling stock of different types. 


The company's share in the structure of the car fleet of Russia is 21%. The main founder and owner of ordinary shares of First Cargo Company is RZD and nonprofit organization Zheldorreforma as a co-founder owns one ordinary share of the company. In 2009 the company  transported 231.8 million tons of cargo.