OREANDA-NEWS. April 07, 2010. At the special meeting of Altaivagon holders the decision to increase the share capital through the placement of common stocks was made, the company informed.

634560 stocks of 1 rub. par each will be issued and placed through the close offering in favor of SDS Mash. The stocks are priced at 2906 rub.

Altaivagon is one of the largest makers of railway cargo rolling stock. It involves the head entity in Novoaltaisk, branches in Rubtsovsk and Kemerovo.

The assortment involves 20 models of wagons. Now the capacities reach 7.5ths wagons/y.

The share capital is worth 211.52ths rub. split in 211520 common stocks of 1 rub. par each.

The 9-months 2009 net profit gained (RAS) 622.106mln rub. against 1.041bn rub. in net profit prior year; revenues moved down to 2.82bn rub from 12.436 bn rub.