OREANDA-NEWS. May 16, 2012. Globaltrans Investment PLC (“Globaltrans” or the “Company”, and together with its consolidated subsidiaries, the “Group”; LSE ticker: GLTR) today announces that it has completed the acquisition of 100% of LLC Metalloinvesttrans (“MIT”), the captive freight rail transportation operator of Metalloinvest, a leading global iron ore and HBI producer based in Russia. The acquisition, for USD 540 million on a cash and debt free basis, includes a three-year contract to provide freight rail transportation and logistics services to Metalloinvest.

The transaction is expected to be earnings per share accretive and will enable Globaltrans to further enhance its position as a leading independent private freight rail group in Russia.

MIT has been acquired through OJSC New Forwarding Company, a 100% subsidiary of Globaltrans, and has been financed through the use of the Group’s own funds and from credit facilities.