Globaltrans files for delisting of GDRs from Astana International Exchange

MOSCOW. July 21 (Interfax) - Globaltrans Investment Plc has filed for the delisting of its GDRs from Astana International Exchange (AIX), the company said.

The delisting, if approved, will take effect on August 21, with August 4, 2025, the last trading date on AIX.

Globaltrans specialized in railway transportation of bulk and liquid cargo. The company was founded in 2004 by a group of like-minded entrepreneurs who united their businesses in the area of transporting railway freight under the Globaltrans single brand. The company's fleet totaled approximately 66,000 railcars as of the end of June 2023, with 94% owned outright.

In January 2025, Kazakh businessman Kairat Itemgenov became a new co-owner after acquiring stakes from three major shareholders - Nikita Mishin, Konstantin Nikolayev and Sergei Maltsev.

In April 2025, Globaltrans transferred all its rail assets to KSP Capital Asset Management LLC's closed-end mutual investment combined fund Transatlant. The buyer agreed to pay $767 million within 90 days of closing.

As of April 7, 2025, National City Nominees Limited (UK) held a 37.84% stake in Globaltrans' share capital, while Marigold Investments Ltd (UAE) and Onyx Investments Ltd DMCC (UAE) each held 11.54%. KSP Capital Asset Management LLC (Russia, through the closed-end mutual investment combined fund Investtrans) owned an additional 10.87%, with Litten Investments LTD DMCC (UAE) holding 5.08%. By May 13, 2025, Aqniet Holding Group Ltd (Kazakhstan), whose ultimate beneficiary is businessman Kairat Itemgenov, acquired a 14.8% stake. The company's Global Depositary Receipts (GDRs) trade on the Astana International Exchange (AIX).