Independent journal on economy and transport policy
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Russian Railways could acquire 75% of the capital of GEFCO within the turn of the year
Negotiations in exclusive right with PSA Peugeout-Citroën in order to acquire the quota for 800 million euros
September 26, 2012
The railway group Russian Railways (JSCo RZD) and automotive house French PSA Peugeout-Citroën has confirmed the start of negotiations in exclusive right in order to yield to the Russian group 75% of the capital stock of total logistic company French GEFCO for 800 million euros ( on 5 September 2012). The vice president of RZD, Vadim Morozov, has specified that the quota could pass of hand within the end of this year.
PSA Peugeout-Citroën, besides to possess the entire capital stock of group GEFCO, is also the main customer of the logistic company generating 62% of its revenues, than last year they are piled almost 3,8 billion euros (+10% on 2010).
The French automotive house has emphasized that a partnership of the GEFCO with group RZD it would allow with the logistic company to supply services of excellence between Asia and Europe and that would afford to GEFCO to diversify own activities and to contribute to the increase of its volume of transactions. PSA Peugeout-Citroën has specified that the continuity of the management of the GEFCO would be insured person, with Luc Nadal who would maintain the assignment of general manager, and that the center of the company would remain in France.
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