Russian manufacturer Uralvagonzavod (UVZ) has announced the sale of a 100% stake in its logistics subsidiary UVZ-Logistic to Trinfico Property Management, which manages pension reserves of pension fund NPF Blagosostoyanie. The sale agreement was reached between Ural Heavy Equipment – Uralvagonzavod (UBT-Uralvagonzavod) and Trinfico Property Management. The value of the transaction was not disclosed but UVZ is exiting the investment project on satisfying terms, the company said.
At present, UVZ-Logistic has 37,500 rail cars, which will remain under the effective control of JSC Federal Freight. The transaction will be closed after obtaining the approval of the Federal Antimonopoly Service.
Share on:
