United Wagon Company

In April 2015, RPC United Wagon Company completed its IPO on the Moscow Exchange, during which 12.22% of the Companys shares were sold for a total of RUB 9,028 billion. United Wagon Plc, a 100% subsidiary of ICTH and majority shareholder of RPC UWC, sold a nearly 7% stake. Following the offering and taking the additional issue for the benefit of new shareholders into account, United Wagon Plcs share in UWC decreased to 87.78%.

Over 50 investors took part in UWCs IPO. Foreign investors made up 38.3% of the demand for UWC shares, with 81.6% of demand coming from institutional investors. Pension funds took 11.1% of the offering, with retail and private investors acquiring 18.4% of the offering.

As a result of the deals that took place in the Moscow Exchange between 2015 and 2017 years and some other transactions, ICTHs share in PJSC RPC UWC reduced to 14.3%. In August 2017 this share transferred to Sberbank structure Bylinnye Bogatyri LLC under the REPO for 1 year.