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Russian investor consolidates stake in Kriukov Railway Car Plant

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Oct. 5, 2012, 6:51 p.m. | Business — by Yuriy Onyshkiv

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.
© 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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