RDIF invests in leading Russian railway operator NefteTransService

Press release, 06.06.2019

Saint-Petersburg, June 6, 2019 - The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, announces joint investments with leading Middle Eastern and Asia-Pacific funds in NefteTransService (NTS), one of the largest Russian operators of railway rolling stock. The agreement was signed today at the St. Petersburg International Economic Forum.

According to the agreement, RDIF and partners will invest $300 mn. The investment will enable NTS to expand the fleet of rolling stock (over 70 thousand cars currently) and strengthen its position in the railway logistics market.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:

“Over the next few years we see great potential to develop the railway logistics sector. Thanks to the investments of the Fund, NefteTransService will be able to offer new efficient solutions for Russia’s leading fuel and energy compaines, the ore mining industry and will strengthen the company's competitive position. The development of railway transportation will allow supporting growth in other key sectors of the Russian economy, successfully delivering on the targets set out in Russia’s Comprehensive Plan for the Modernization and Expansion of Trunk Infrastructure”. 

Aleksey Likhtenfeld, member of the board of directors, JSC NefteTransService, said:

“JSC NefteTransService welcomes the equity investment by RDIF and partners. The implementation of the transaction marks a new era of the Company's development and will enable us to strengthen the Company's competitive position in the market for the further development of partnerships with our customers and efficiency increase”. 

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Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than RUB 1.5tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 700,000 people and generate revenues which equate to more than 5% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40bn. Further information can be found at www.rdif.ru

NefteTransService is one of the leading private operators of rolling stock in Russia. It is ranked among the top-four largest companies in terms of car fleet and volume of traffic. NefteTransService cooperates with leading Russian enterprises of the fuel and energy complex, metals and mining industry. The regional network of the company is represented by 35 branches and offices in Russia and Kazakhstan. The Group also owns production facilities in Saratov, Samara Oblast, Ryazan, and Komsomolsk-on-Amur. The fleet of rolling stock includes 35 locomotives and more than 70 thousand open freight cars and tank-wagons. NefteTransService is 100% owned by Vyacheslav Aminov, Vadim Aminov and Alexey Likhtenfeld.

For additional information contact:

Arseniy Palagin                                     Maria Shiryaevskaya / Andrew Leach
Russian Direct Investment Fund              Hudson Sandler
Press Secretary                                        Tel: +44 (0) 20 7796 4133 
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ruф