 News headlines
February 09, 2018 18:27
Abramov/Abramovich firm bought 24.5% of TransContainer in hopes of growth in value (Part 2)
MOSCOW. Feb 9 (Interfax) - Yenisei Kapital LLC, a company controlled by Alexander Abramov and Roman Abramovich, acquired 24.5% of shares in PJSC TransContainer (MOEX: TRCN) at an acceptable price in hopes of growth in value.
"The price suited us. With the goal of making money," Abramov told reporters on the sidelines of Russian Business Week, asked why the stake was purchased.
"We are always selling everything. We do everything with the goal of making money and at each specific moment balance risks and returns. If the price if right, we buy. If we are offered a good price, we sell," he said when asked whether the TransContainer stake would be sold.
"There is a mandatory [offer]. If someone buys a controlling stake, they are obligated to make an offer to minorities. If there is a competitive contest at the tender, then more likely the price will be good. Accordingly, whoever wins a controlling stake at some price is obligated to offer to buy all outstanding shares at that price," Abramov said.
He did not rule out participating in a tender on sale of the controlling stake in TransContainer owned by Russian Railways (RZD), but indicated that for now interest in the asset is at present more of a potentiality. "There is interest. But, so to speak, I'm interested in having lunch every day. It's at that level," he said.
"Everything depends on the terms. When you know the terms, what's the point in discussing something further? That is, I could lie or say something silly. But I don't like looking like an idiot," Abramov said.
"If it is being sold cheaply on good terms, of course we will embark on that. And not only there," he said without specifying the assets he had in mind, saying he doesn't know what will be put up for sale.
"The terms of the tender [on sale of a controlling stake in TransContainer] will most likely be drawn up under the new government. What's the point in speaking now?" he said.
Jh aa ak
(Our editorial staff can be reached at eng.editors@interfax.ru)
/Interfax/
February 19, 2019 10:28 GROWING ISIL'S INFLUENCE IN AFGHANISTAN CONSTITUTES DIRECT THREAT TO CSTO MEMBER STATES - BOGDANOV 10:25 RUSSIA READY TO COOPERATE WITH OTHER STATES TO ELIMINATE TERRORIST HOTBEDS REMAINING IN SYRIA - BOGDANOV 10:24 SYRIA'S IDLIB TO BE FREED FROM TERRORISTS - BOGDANOV 10:24 10:23 Mixed start for Russian stocks, MOEX and RTS move up to 0.1% either way 10:20 Moscow preparing to claim its diplomatic property in U.S. court - newspaper 10:19 Banks have 2096.5 bln rbs on CBR correspondent accounts on February 19 10:19 Results of forex trading on Moscow Exchange on February 18 10:16 Space tourists can follow Gagarin route to fly over Earth - Rogozin 10:12 Moscow's Atrium shopping mall gets bomb threat - source 10:08 DOLLAR FALLS 0.75 KOPECKS TO 66.27 RUBLES/$1 AS TRADING OPENS, RUBLE UP AGAINST BI-CURRENCY BASKET 10:07 China quintuples black caviar exports to Russia in three years to almost 18 t 10:06 MIXED START FOR RUSSIAN STOCK MARKET, MOEX AND RTS INDICES CHANGE UP TO 0.1% 10:00 ROSCOSMOS LAUNCHES PROJECT TO TAKE SPACE TOURISTS ON GAGARIN ROUTE - ROGOZIN
|
