Globaltrans To Acquire Rail Freight Rival

Russia's largest privately owned rail freight operator Globaltrans has announced it will raise US$175mn from a placement of global depositary receipts (GDRs), to part finance its plan to take a controlling 50% stake in the private rail operator BaltTransServis (BTS). BMI investigates how this will enable Globaltrans to realise its strategy to diversify its operations and expand further into the oil and oil products transport market.

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