Trust increased its share in the United Carriage Company to 93.6% – Kommersant
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The research and production corporation United Carriage Company (UWC) raised RUB 25.95 billion as part of an over-the-counter placement of an additional issue. Trust Bank acted as the anchor investor, purchasing shares in the amount of 25 billion rubles.
According to the latest disclosed data, Trust’s share in UWC was 27.76%. Now Trust’s share in the capital has increased to 93.6%. In total, UWC placed 2.79 billion shares. The additional issue of shares lasted from November 9 to November 22. The total placement volume was 12.5 billion shares each at a price of 9.3 rubles. denomination 1 ruble.
“Funds raised as a result of an additional issue in the amount of 25 billion rubles. will be used to reduce the company’s credit burden. The remaining part will be used to implement the investment program, including increasing its own production autonomy in the context of import substitution, which will open the way to an increase in the fundamental value of the company,” the message says on website HVAC.
UWC is Russia’s largest manufacturer of high-capacity freight trains. Its assets include the Tikhvin Freight Car Building Plant, the TikhvinChemMash enterprise, TikhvinSpetsMash, the country’s largest spring manufacturer NPC Spring, the leasing company Rail 1520, the Tikhvin assembly plant Titran-Express, as well as the All-Russian Research Institute of Transport Technologies.
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