FGK Might Buy UVZ-Logistic
Federal Freight Company (FGK) might buy UVZ-Logistic, the Kommersant reports. FGK has ordered a report on market and fair price of the company to KPMG.
UVZ-Logistic, Uralvagonzavod’s subsidiary, is on sale. Uralvagonzavod is selling it via Sberbank CIB. UVZ-Logistic’s fleet is now leased by FGK.
UVZ-Logistic is a freight car operator. Uralvagonzavod experiences problems as the Russian freight car market dropped and it is looking for cost reduction and efficiency improvement opportunities.