RZD Group considers GEFCO as a strategic asset and has no plans to sell it at present. GEFCO is a source of substantial cash flows for RZD, bringing one third of all dividends from RZD’s subsidiaries. In 2015, RZD received 21.9 million euros in dividends from GEFCO.
RZD owns a 75% stake in GEFCO, the France-based logistics and transportation services provider. The stake was bought by RZD at the end of 2012 for 800 million euros from PSA Peugeot Citroen, which retained a 25% stake in the company.
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