7/30/2021
MOSCOW, July 30 (Reuters) - VTB, will cease to own
a controlling stake in rail freight transportation firm
Rustranscom (RTC) within a year, Russia s second largest bank
told reporters, but did not disclose how this would happen.
VTB bought 50% plus one share in RTC, Russia s largest grain
railcar owner, for 29.6 billion roubles ($403 million) in 2019
when it was expanding in grain export infrastructure in Russia,
the world s largest wheat exporter. We have included a company that owns Rustranscom in the
list of companies held for sale, for disposal. We believe that
we will lose control of this company in the short term - on a
UPDATE 3-Russia s VTB bank to sell grain railcar firm to VTB holding company, sources say agriculture.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agriculture.com Daily Mail and Mail on Sunday newspapers.