NPK Joint Wagon Company (NPK OVK) reduced its share in Rail1520 to 75% from 100%. Rail1520 provides operating leasing of rolling-stock and wagons. OVK is keeping a share indirectly through Rail Holding Ltd, Rail 1520 Ltd and Rail 1520 Cyprus Ltd.
OVK was formed in mid-2012 as an integrated railway holding, providing transport services, leasing, engineering and servicing of cargo wagons. The company has an advanced production base in the sector based upon Tikhvinsky Wagon Plant having 16,000 wagons in capacity per year. The holding includes Pruzhina NPTS and 40 servicing centers in Russia, Kazakhstan and Belarus.
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