Business

Russian turnout component manufacturer privatised

By 2013-11-06T05:00:00

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RUSSIA: A joint venture of SP-Technology and Vossloh Cogifer has completed the acquisition of a 75% minus two shares stake in Novosibirsk Switch Plant, Russia's largest manufacturer of switches and crossings. The remaining stake is held by Russian Railways, which accounts for 87% of Novosibirsk's sales.

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