Globaltrans

Globaltrans is Russia's second largest rail freight operator, after the state-owned Russian railways. The group operates 21,000 wagons and 19 locomotives and transports high value goods such as steel and oil products. It is reported that more than half of its revenue comes from contracts with major Russian resources companies such as Lukoil and Rosneft.

The recent boom in commodities has clearly benefited the group’s 2007 turnover and operating profit with the latter rising by more than two thirds to $128m. Globaltrans is hoping to raise some $400m through a London placing in order to finance the purchase of more rolling stock.

Globaltrans plans to list on the LSE main market in July 2008.

Brokers/advisers to the potential issue are Morgan Stanley and Deutsche Bank.