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:

Mitsubishi ASX, Nissan Juke and Teana Leave Russian Market
Mercedes Will Construct a Plant In Esipovo
Russian Companies Took Part In Lisbon Exhibition
Russia Increased Export Of Vodka
Sberbank Got an AAA Credit Rating by ACRA

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Tula Kremlin  Diana Arbenina  Russian chess  Russian musicians  Russian Cinema  Magnitsky Act  summer  Russian banks  Republic of Buryatia  Soviet Animation  Bard Song  Russian language  Theology  Russian history  Smoking rooms   Russian tennis  Krasnodar region  Kaluga Region  Life Saving  Museums of Russia  anniversary  Libya  Ilya Ponomaryov  Izvestia Hall  Saint Petersburg  Painting  Dima Yakovlev Law  Moscow  Russian Easter  Animation Festival  Archeological Finds  Rostelecom   Russian Rock  composer  migrant  Nizhneudinsk  Infill Development  E-Books   Barents Sea  Mistral  Yekaterinburg  Mercedes-Benz Fashion Week Russia  Exhibitions in Moscow  Russian tourism  Rostov Region  ExoMars  Archeology  Russian Literature  Russian laws  Russian business 

Travel Blogs
Top Traveling Sites