Russian public holding company Sistema PJSFC has completed a transaction to sell a 50% equity stake in rail freight operator SG-trans to a group of unaffiliated buyers. The value of the transaction was RUB 6bn (USD 92.4m).
Sistema will maintain ownership of a number of assets previously spun out of SG-trans, including SG-trading and real-estate assets.
Sistema acquired SG-trans in November 2012. After reorganising the corporation’s transportation assets and bringing in additional investors, Sistema held a 50% stake in SG-trans.
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