RZD plans to sell a controlling stake in the Remputmash Group by the end of this year, according to RZD President Vladimir Yakunin. The company would sell 75% minus two shares of its core asset, Kaluga Plant RPM.
“This is a very important asset to us but we would like to find a strategic investor that will not have a fear to invest. Remputmash and its products will be in demand as long as the railway company exists”, he explained.
Remputmash Group is made up of 9 plants that manufacture spare parts and repair track equipment. RZD owns 100% of Remputmash.
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