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SG-TRANS merges with Financial Alliance for over 32k coach fleet

January 20, 2014, 18:04 UTC+3 MOSCOW
SG-TRANS is planning to diversify its fleet in favor of universal rolling stock
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MOSCOW, January 20. /ITAR-TASS/. Russian SG-TRANS transport company has completed its merger with the railcar operator Financial Alliance on the basis of and with the brand of SG-TRANS, thus setting up a universal railway operator managing a fleet of more than 32,000 coaches, the company reports.

SG-TRANS is planning to diversify its fleet in favor of universal rolling stock. Over the medium term the operator is to expand its list of destinations by entering the CIS and Baltic countries.

SG-TRANS is the Russian carrier of LPGs making more than 30% of all gas transportation. Its fleet comprises more than 16,000 LPG tanks (52%), more than 13,000 oil cars and over 3,000 other railcars. The company, operating in Russia and the CIS, carries freights to Europe and near-abroad countries. The holding JSFC Sistema acquired SG-TRANS in 2012 for 22.7 billion rubles (about $687 million) and then announced reorganization of assets by means of a merger with Financial Alliance. Equal shares of SG-TRANS are held by JSFC Sistema and Unirail Holdings Ltd.

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