Russian Railways Logistics acquires stake in Latvia’s LNT
Published: Thu, 2015-04-16 09:35
Aims to expand in rail freight market
Russian Railways Logistics recently acquired a 50 percent stake in Liepajas naftas transits (LNT), a Latvian rail freight company.
“We believe that the cooperation with the Latvian based freight forwarder will give us a lot of new opportunities at multimodal-transport market of EU,” said,o Pavel Sokolov, CEO, Russian Railways Logistics.
The acquisition will enable Russian Railways Logistics to expand its presence in the rail freight market and set up a consolidated rail transport chain connected with the ports of Latvia.