UniWagon sells more than 10% of its shares

United Wagon Company (UniWagon) sold 12.22% of its stock at the IPO, according to “Kommersant”. The largest packages were sold to Czech company PPF Group and National Capital, controlled by the Blagosostoyanie Pension Fund. The value of the transactions was 9 billion rubles (157.3 million euros). Foreign investors accounted for 38% of demand, “wealthy private investors” – 18.4% and pension funds – 11.1%.
In 2014 UniWagon reported a revenue of 17.1 billion rubles (299 million euros) and a net profit of 549 million rubles (9.6 million euros). The company expects to record a 5-times increase of its revenue and 50-times increase of the net profit in five years due to the increasing demand for freight cars and increasing lease rate.