Steel, mining and vanadium business EVRAZ signed an agreement to sell its EvrazTrans rail freight subsidiary to NefteTransService on November 22.
The transaction is worth about $300 million and is subject to regulatory approval is expected to close by the end of the year.The deal includes assets worth $243 million, including 4 114 cars with an average age of 5 and one-half years.
EVRAZ will retain and continue to operate hopper cars previously owned by EvrazTrans. Evraz owns the Claymont Steel mini mill in Delaware.
Click on the link below for the story from Railway Gazette:
via EVRAZ sells wagon business to NefteTransService – Railway Gazette.
