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Industry News in Brief

01 Feb 2011

At the end of December Kirow bought Leipzig transport operator LVB’s remaining 49% stake in HeiterBlick, a company formed in 2004 to build Leoliner trams. LVB has ordered 48 cars, Halberstadt five and Bielefeld 16, but LVB has adopted a policy of disposing of non-core activities.

Russia’s Federal Agency for State Property Management sold Moscow metro and road builder Mosmetrostroy to construction company Centrstroy for 7·6bn roubles at an auction in December.