Evraz Group sells EvrazTrans to Neftetransservice

According to Russian business daily Kommersant (8 November 2012), Evraz Group plans to sell its captive transport operator EvrazTrans to Neftetransservice owned to the Aminov brothers for an estimated USD 300 million. The vertically integrated steel, mining and vanadium business has also sold together with the transport operator a long-term contract for a third of its carriage requirements.

EvrazTrans owned over 4,800 rail cars at the end of 2011 and transported 19 million tonnes of freight in 2011, with revenues of RUB 4.3 billion and net profits of RUB 2 billion. Neftetransservice is one of the top three private rail car operators in Russia.

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