MOSCOW, Oct 30 (PRIME) -- Alexander Nesis, president of Russia’s ICT group of companies, may float United Wagon Company (UWC) on the London Stock Exchange (LSE) in three years, Bloomberg reported Wednesday.
“It can’t be excluded that in three years we will list our United Wagon Company on the London Exchange to raise funding,” Nesis said, adding that the company’s value may amount to U.S. $2–3 billion.
UWC was founded in 2012 to run the easing company Rail1520 and the Leningrad Region-based Tikhvin Car Building Plant. The company plans to expand its fleet to 60,000 cars and become one of Russia’s five largest providers of leasing services.
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