Russian Railways has completed the sale of 100% minus one of its shares in JSC Refservice, its freight subsidiary.
The sale of the asset was carried out in accordance with the decision of the board of directors as part of the sale of non-core assets of the company. The transaction was conducted in the form of a public auction organized by VTB Bank.
RegionTransServis purchased the shares valuated at USD 38.2 million (RUB 2.46 billion).
Refservice, a subsidiary of Russian Railways and was established in 2006. It is the largest operator of specialised rolling stock designed for transport of perishable goods in Russia and CIS.