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75% minus two shares of JSC Vagonremmash were acquired by JSC Train Service Alliance

vagonremmashJSC Train Service Alliance won the open tender for the acquisition 75% minus two shares of JSC Vagonremmash, informed Russian Railways. 

The shares were sold pursuant to order 16-r of the Russian Government as of Jan. 26, 2012 and the decision of Russian Railways’ Board of Directors as of Dec. 23, 2013.The tender was organized by VTB Bank 24.

The starting (minimum) price of the stake was RUB 2.471 billion.

JSC Vagonremmash is a subsidiary of Russian Railways established in 2008 as part of the railway system’s reform and assuming the assets of three car-repair plants in Voronezh, Novorossiysk, and Tambov.OJSC Vagonremmash is engaged in the overhaul of passenger cars, repair and rearrangement of sets of wheels, production of spare parts.

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