Russian company Uralvagonzavod (UVZ) does not abandon its plans to sell its logistics operator UVZ-Logistic, according to UVZ Chief Executive Officer Alexander Potapov. The company will maintain its plans even though the Russian antitrust regulator FAS refused to allow Trinfico Property Management to acquire a 100% stake in UVZ-Logistic. Trinfico manages pension reserves of Russian non-state pension fund NPF Blagosostoyanie.
UVZ is working closely with the management board of Rostec on the project of the sale of UVZ-Logistic and has several possible options. FAS’ refusal to allow the sale might even be reviewed, according to Alexander Potapov. UVZ-Logistic was previously reported to have debts amounting to RUB 80bn (USD 1.37bn).
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