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Globaltrans Investment PLC To Acquire 100% Of MMK-Trans


Wednesday, 19 Dec 2012 02:00am EST 

Globaltrans Investment PLC announced that it has agreed to acquire 100% of OOO MMK-Trans (MMK-Trans), the captive freight rail operator of MMK Group, single-site steelmakers in Russia, for a cash consideration of USD225 million and assuming net debt and working capital of approximately USD110 million. The transaction will be financed through existing cash resources and a secured term loan and is expected to complete by the end of January 2013. 

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