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Business    

Five firms, led by Siemens, to bid for Ukraine’s locomotive maker
Journal Staff Report

KIEV, June 15 – Five companies, led by Siemens of Germany, submitted preliminary bids to buy a 76% stake in Luhanskteplovoz, Ukraine’s only manufacturer of locomotives, State Property Fund Chairwoman Valentyna Semeniuk said.

Other major bidders included AutoKrAZ holding, Ukraine’s producer of heavy duty trucks, Transmashholding of Russia and a Polish firm, Semeniuk said.




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