Sale of a 13.1% stake in UWC

31.07.2015 |

ICT Holding Ltd (ICTH) has reduced its stake in RPC UWC to 74.71% following today’s transactions on the Moscow Exchange. VTB Capital acted as a financial consultant of the deal.

Konstantin Yanakov, Chairman of the Board of Directors of ICT Holding Ltd, commented: "We have decided to raise equity capital in order to finance other promising investments of ICT Holding. ICT Holding Ltd remains the majority shareholder of UWC with a strategic focus on rail freight and the production of rolling stock."