Independent journal on economy and transport policy
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Agreement PSA Peugeot Citroën - RZD for the cession of 75% of GEFCO to the Russian railway group
The French group will receive 800 million euros let alone an extraordinary dividend of 100 million euros by GEFCO
November 5, 2012
Automotive group French PSA Peugeot Citroën and railway group Russian JSC Russian Railways (RZD) have reached the agreement for the cession to the society of Moscow of 75% of the capital stock of logistic company GEFCO, than currently it is totally in the hands of the transalpine group. The understanding is signed today by the president of PSA Peugeot Citroën, Philippe Varin, and from the president of RZD, Vladimir Yakunin.
For the cession of the quota the French group will receive 800 million euros from RZD after the payment by GEFCO to PSA Peugeot Citroën of an extraordinary dividend of 100 million euros. According to the forecasts, the transaction will be concluded within the end of this year after the authorization to the operation by the authorities competent antitrusts.
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