UVZ sells off its stake in Tver rail car plant to LocoTech-Servis - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UVZ sells off its stake in Tver rail car plant to LocoTech-Servis

MOSCOW, Mar 20 (PRIME) -- Russian railway equipment maker Uralvagonzavod (UVZ) sold its 42.47% stake in the Tver Rail Car Building Plant to LocoTech-Service, part of railroad machinery service provider Locomotive Technologies Group, on March 5, the plant said in a statement on Tuesday.

In January, a source familiar with the situation said that UVZ had held a closed auction for the stake without disclosing the winner.

In February, Federal Antimonopoly Service said it allowed LocoTech -Service to acquire a 100% stake in the plant.

(57.5521 rubles – U.S. $1)

End

20.03.2018 15:09
 
 
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