Russian investor consolidates stake in Kriukov Railway Car Plant

Author: Yuriy Onyshkiv All articles by this author

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Oct. 05, 2012 18:51
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One of two new high-speed trains being constructed in a workshop at Kryukiv Rail Car in Kremenchuk, Ukraine. A 25 percent share of the plant has recently been aquired by Russian businessman Stanislav Gamzalov.
Photo by Kostyantyn Chernichkin

Russian businessman Stanislav Gamzalov in recent days finalized a deal to purchase more than a 10 percent share in Kriukov Railway Car Plant through an Austria-based holding company. The deal comes ahead of a state purchase program for high-speed trains from Ukraine’s passenger train car monopolist and a possible expansion into the Russian market.

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