Freight One to sell rolling stock to Transoil

Russian railway operator Freight One plans to sell 10,000 railway tanks for the transport of oil and oil products to Transoil company, “Kommersant” newspaper informs, quoting sources in the field.

The agreement could be signed by the end of this month. The transaction could amount to USD 500 Million (EUR 392 Million).

Transoil owns around 15,000 tanks and rents an equal number, while Freight One has 66,000 tanks.

Source : www.businessweek.com

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