Russian railway freight operator Federal Freight (FGK), part of RZD, is the most likely buyer of UVZ-Logistic (UVZL), according to Uralvagonzavod CEO Oleg Sienko. If an additional capitalisation of UVZL takes place, it will be only through a joint venture, he explained.
According to Oleg Sienko, the sale of UVZL is preferable to a capital increase. Russian railway operator UVZL is owned by Uralvagonzavod (UVZ).
UVZL had a revenue of RUB 12.5bn (EUR 179m) and a net profit of RUB 43.5m (EUR 622m) in 2014.
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