Russian Railways President Elected Gefco Board Chair

MOSCOW, December 25 (RIA Novosti) – Vladimir Yakunin, the president of Russia’s railway monopoly, was elected to chair the board of directors of French logistics company Gefco, Russian Railways (RZD) said on Tuesday.

RZD completed the 800-million euro ($1 billion) deal to buy 75 percent of the shares of Gefco S.A, one of Europe’s top ten leading logistics operators, from PSA Peugeot Citroen last Thursday.

The board of directors will include six RZD representatives, four representatives of Peugeot Citroen which will retain a 25 percent stake in Gefco, and two independent directors.


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