×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Transcontainer Shareholder Seeks Board Reshuffle

Rail group Transcontainer said its board would hold a shareholder meeting to consider a proposal by one shareholder calling for an overhaul of its board and for the election of new members.

The company, which handles half of all rail container transportation in Russia, did not identify the party that requested the meeting but said they held more than 10 percent of its stock.

A source close to Transcontainer said the request had come from transport group Fesco, which has a 23.7 percent stake, according to the company's website. Transcontainer's other large shareholder is state-owned Russian Railways, with 50 percent plus two shares.

The source did not say what had motivated Fesco's request. Fesco declined to comment.

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more