Advance Capital has finalized the sale of OTEKO's railway division to NefteTransService, resulting in NTS becoming the largest operator of tank cars in Russia.
Target Information
Advance Capital has successfully completed the sale of the railway division of the OTEKO Group to one of Russia's largest railway operators, NefteTransService JSC (NTS). This transaction involves the sale of OTEKO's railway business, which includes a fleet of over 14,000 tank cars and the SFAT-Ryazan wagon repair facility.
As a result of this acquisition, NTS has emerged as the largest operator in the market in terms of owned tank car fleet size. The total fleet of NTS will expand by nearly 25%, positioning the company more competitively in the rail transport sector.
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Industry Overview in Russia
The railway industry in Russia plays a crucial role in the country's economy, serving as a primary channel for freight transportation. With vast geographical expanses, the railway network is
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