OREANDA-NEWS. Globaltrans Investment PLC (“Globaltrans” and together with its consolidated subsidiaries, the “Group”; LSE ticker: GLTR) today announces that its 100% subsidiary OOO MMK-Trans will now operate under the brand name of “Steeltrans”.

MMK-Trans was formerly the captive freight rail operator of MMK Group, one of the largest single-site steelmakers in Russia. The acquisition of MMK-Trans was completed on 13 February 2013. As part of the transaction, Globaltrans entered into a five-year contract guaranteed by MMK Group to supply it with rail transportation services for at least 70% of MMK’s rail cargo flows. The contract became effective from 1 March 2013.