Rail Garant, Rusagrotrans Strike Merger Deal

Moscow Times 30 May 2013
Rail Garant and Rusagrotrans have agreed on the basic terms of a merger agreement that will create Russia’s third largest freight rail operator, Kommersant reported, citing three market sources. The deal is expected to be finalized this summer. The two companies will have 50 percent each in the new entity.
It is not clear whether either of the parties will have to pay the other to obtain a 50 percent share in the new entity.
“The structure of assets at the two companies is similar,” one industry source said. “Rusagrotrans has better financial indicators, but its stock of rail cars is much older. If either company will have to pay extra for share parity then the amount will be small.”
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