{"id":156182,"date":"2024-12-09T20:32:28","date_gmt":"2024-12-09T10:32:28","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=58402"},"modified":"2024-12-09T20:32:28","modified_gmt":"2024-12-09T10:32:28","slug":"russian-state-owned-bank-vtb-sold-freight-one-buyer-remains-unknown","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=156182","title":{"rendered":"Russian state-owned bank VTB sold Freight One, buyer remains unknown"},"content":{"rendered":"

Three months after the acquisition Freight One, Russia\u2019s largest rail freight operator, state-owned bank VTB has sold it to an undisclosed buyer. The deal is to be finalised before the end of the year, VTB\u2019s head Andrei Kostin said.<\/strong>
\n<\/span>VTB\u2019s plan never seemed to entail keeping Freight One under its umbrella, as also highlighted by Ukrainian media InterFax. The bank took over management and ownership of the operator between August and September 2024. The parent company, Aurora Invest, purchased Freight One in November 2023 for 220 billion rubles (roughly 2.1 billion euros) in a deal that involved the bank as well.<\/p>\n

However, VTB grew dissatisfied with the organisation of the deal, with reports of promises made to the parties involved and credits, including the bank, that were not met. Already in February, Freight One pledged nearly 70,000 wagons as collateral to the bank to cover for its parent company\u2019s financial obligations. Other than the buyer, the financial figures of VTB\u2019s sale remain undisclosed.<\/p>\n