Investment bank Advance Capital is pleased to announce completion of the sale of 100% stake in “OTEKO”’s railway assets
Advance Capital is pleased to announce completion of the sale of 100% stake in railway assets of “OTEKO” to one of the largest Russian railway operators – “NefteTransServis” (or “NTS”).
During the course of the transaction, the part of the company’s OTEKO business, which owns a fleet of more than 14 thousand tanks, as well as the carriage renovating company “SFAT-Ryazan”, was sold. Transaction amount is not disclosed.
As a result of the transaction, NTS became the largest operator in the market in terms of the number of tank-wagons owned. The total wagon fleet of NTS grew by almost a quarter.
Advance Capital acted as the exclusive financial advisor for OTEKO. The transaction was arranged as a structured and competitive sale process among strategic and financial investors.
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