Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russian Railways acquires 75% of the logistics operator Gefco
21.09.2012 13:17
Russian Railways acquires 75% of the logistics operator Gefco

 JSC Russian Railways, has commenced exclusive negotiations on acquiring 75% of the logistics operator  Gefco from the French automaker PSA Peugeot Citroën, reports  JSC Russian Railways in the official press release.


      

75 percent of Gefco is estimated into 800 million euros, or about $1 billion. When the deal is completed, Gefco would also pay Peugeot a special dividend of 100 million euros.


      

JP Morgan and VTB Capital are financial consultants of JSC Russian Railways in the deal.


      

Western Europe is the main market for Gefco, which guarantees about 75% of the revenue. Latin America and other regions bring the rest of the income. Due to the deal JSC Russian Railways intends to develop an overland freight service between Asia and Europe.




Author: Irina Fomina

Tags: Russian investments Russian Railways Russian business   

Next Previous


You might also find interesting:

More than 600 Thousand Russian Enterprises Went out of Business in 2018
14.06.2019
The Share of SMEs in the Russian Economy Makes 21.9%
07.02.2019
The Purchase of Advertisements on Facebook for Russian Accounts will be Subject to a New VAT
20.12.2018
Yandex.Market Starts Cooperation with Turkish Marketplace
18.10.2018
Tmall Marketplace will Start to Sell Medical Goods and Cosmetics in Russia
16.05.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Eleazar Langman  Russain gas companies   Russian Actresses  Mikhail Larionov  Russian tourism  Arts and Crafts  Moscow Metro  Mistral ships  Russian business  ArchKuznitsa  Russian Cinema  Moscow  Tuapse   travel to Russia  Kremlin  Schmallenberg virus  Russian models  Alexey Navalny  Mercedes-Benz Fashion Week Russia  Fabio Capello  Russian wedding custom  Blur  Russia-Uruguay  Russia science  Sculpture  Great Patriotic War  Russian internet companies  Penza Region  Kuznetsk  Mansi  Russian Metro  Moscow lanes  Pussy Riot case  St. Petersburg  Boris Kustodiev  Russian Music Instruments  Multimedia Art Museum  Christmas Trees  international cooperation  Russian regions  Exhibitions in Moscow  Unified Energy System  Lipetsk   Russian Film Distribution  Russian aviation  Eric Bulatov  Festivals in Moscow  Bashneft  society  Sochi 


Travel Blogs
Top Traveling Sites