OREANDA-NEWS. November 28, 2011. An open auction was held in Moscow for the sale of 100% minus one share in the Open Joint Stock Company Roslavl Wagon Repair Plant, a subsidiary of Russian Railways, reported the press-centre of RZD.

The auction was organised by TransCreditBank and conducted in accordance with Russian Government Decrees No. 34-r dated 18.01.2011 and No. 495-r dated 24.03.2011.

Bidding began at 1.287 billion roubles and increased in steps of 25 million roubles 47 times before the stake was sold for 2.45 billion roubles to the company RusTransKom.

Seven applications were made to take part in the auction, all of which were approved and admitted to the auction.

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The Open Joint Stock Company Roslavl Wagon Repair Plant carries out major overhauls and repairs on virtually all types of rolling stock, including open-box cars, platforms and tank wagons for the transportation of petroleum products and chemicals. The plant also manufactures open-box cars and tank wagons for shipping petroleum products.