"TRANSOIL" makes its way into Ust-Luga.

The company will become the co-owner of the dock-side operator.

Gennady Timchenko’s "TRANSOIL" has been actively implementing a strategy of vertical integration. The company bought a quarter of "PUL trans", the auxiliary rail operator of the Ust-Luga port, and does not exclude the possibility of acquiring other port assets.

One of the leading Russian private railway operators, "TRANSOIL" (owned by Gennady Timchenko) continues buying up the assets. The company, which is negotiating on the acquisition of CJSC "Neftetransport" (see. "Kommersant" on August 6), signed a contract to purchase 25% in the capital of «Ust-Luga transport company» ("PUL trans") from the "Transport and Logistics Company" (TLC) on July 28. The amount of the transaction was not disclosed. TLC has kept 25%, another 50% is in the Russian Railways. Until recently Mr. Timchenko has already had an asset in Ust-Luga: through Gunvor whn he owned the "Neva pipeline company" oil terminal. But on the eve of the introduction of the United States sanctions against the businessman he sold the share of the trader (44%) to his business partner Torbjorn Tornqvist.