RZD to Sell VRK-3

OAO RZD is to sell “Car-Repair Company 3” (VRK-3), the TASS reports. A decision was taken by OAO RZD Board of Directors.

The company would sell 100% minus one share in VRK-3. The starting price for the package is equal to its nominal value of 7.01 B RUB.

VRK-3 is a company providing freight car repairs. It has 38 subsidiaries in 25 regions and is capable to provide maintenance and overhaul to 90,000 freight cars and 500,000 wheel sets p.a.

Earlier OAO RZD President Oleg Belozerov was saying that OAO RZD is planning to sell the following companies in 2016: VRK-3, BetElTrans, CPPK, Remputmash, Krasny Put Moscow Mechanical Plant.