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M&A: VTB completes acquisition of stake in RTK

VTB Bank and the shareholders of RusTransCom Group have closed the transaction where VTB acquired 50% + 1 share in RTC, VTB informed.

One of the top priorities for the shareholders is upgrading the existing grain logistics infrastructure in Russia. This will make it possible to fully unleash Russia's grain export potential and improve the competitiveness of Russian grain in the international market, the statement notes.

RTC Group is a versatile railway holding company leading in the specialized rail freight market segments in Russia, the biggest carrier of agricultural and forest products. The combined fleet consists of 68,000 rolling stock units, including hopper wagons of all types, gondola cars, flatcars for timber transportation, container and universal flatcars, tank cars for vegetable oils. RTC Group is among Russia's top-3 largest independent rolling stock operators in terms of car fleet management.

VTB Group is a Russian financial group comprising more than 20 credit and financial companies operating in all the key segments of the financial market. In the CIS, the group is active in Armenia, Ukraine, Belarus, Kazakhstan, Azerbaijan. VTB's banks in Austria, Germany and France are operating as parts of the European sub-holding led by VTB Bank (Austria). Besides, the group has subsidiary and affiliate banks in the UK, Cyprus, Serbia, Georgia and Angola, as well as one VTB branch in China and India, two VTB Capital Plc branches in Singapore and Dubai.

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"AK&M", 12.08.2019 12:21


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