On consideration of the merger between State Transport Leasing Company and Brunswick Rail

10.09.2020 | 11:51

In 2019, the FAS Russia considered the acquisition by the State Transport Leasing Company (company specializes in the leasing of railway and aviation equipment, also leases automobile and road equipment, sea and river vessels) of Brunswick Rail, which is carrying out a similar activity.

Analysis of the state of competition showed that strengthening the dominant position of State Transport Leasing Company in the financial/operating carriage leasing market through the acquisition of private companies could negatively affect the state of competition.

The FAS Russia decided to block the merger and issued remedies with a requirement for the State Transport Leasing Company to pay the strictest attention to the inadmissibility of leasing the carriage rolling to the end consignors through a long chain of intermediaries, the use of which leads to a doubling of prices for provision of carriages for the economy.

In addition, the State Transport Leasing Company, as a development institution, was recommended to use limited budgetary resources for leasing new carriages, adding supply to the network and contributing to reducing the deficit in carrying capacity, and not buying used carriages and private companies on the secondary market.

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