Russian Railways to sign Gefco deal early November-Ifax

Newswire

MOSCOW, Oct 30 (Reuters) - Russian Railways is to sign a contract to buy logistics firm Gefco in early November, Interfax reported on Tuesday, citing Vladimir Yakunin, chief of the state railway monopoly. In September, French automaker Peugeot Citroen said it was in exclusive talks with Russian Railways to sell a 75 percent stake in its Gefco logistics division for 800 million euros. Gefco would first pay a special dividend of 100 million euros to Peugeot as ...

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