{"id":3905,"date":"2022-12-09T14:53:02","date_gmt":"2022-12-09T12:53:02","guid":{"rendered":"https:\/\/operail.com\/news\/operail-muus-ara-ukrainas-asuva-vagunipargi\/"},"modified":"2022-12-09T15:57:30","modified_gmt":"2022-12-09T13:57:30","slug":"operail-muus-ara-ukrainas-asuva-vagunipargi","status":"publish","type":"post","link":"https:\/\/operail.com\/en\/press-releases\/operail-muus-ara-ukrainas-asuva-vagunipargi\/","title":{"rendered":"Operail sold its wagon fleet located in Ukraine"},"content":{"rendered":"

The Estonian state-owned railway company Operail sold its rental wagons located in Ukraine. 20 companies participated in the competition and the best was the combination of two participants \u2013 companies Fortior Capital from Ukraine and Teslar Trans from Estonia. In total, agreements were signed for selling 552 wagons. Total amount of the transactions is 6.51 million euros.<\/strong><\/p>\n

The opportunity to participate in the auction of the assets of Operail Leasing AS, a subsidiary of Operail, was introduced to more than 40 companies. \u201cConsiderable operators on the 1,520 mm railway who could have an interest and ability to purchase knew about the competition and were able to participate,\u201d said Merle Kurvits, member of the management board of Operail and Managing Director of Operail Leasing. 20 interested parties made their offer at different stages of the process, including several Estonian companies.<\/p>\n

\u201cAfter analysing the offers, we decided that it was more reasonable to sell the wagons in two stages: the wagons in Ukraine and the rest of the wagons separately,\u201d Kurvits said. Wagons in Ukraine are different from other wagons because they cannot be brought out of the country. \u201cMost wagons are untouched by war, are in working condition, and are earning rental income on the Ukrainian territory, but railway connections with neighbouring countries are poor,\u201d Kurvits said.<\/p>\n

Comprehensive negotiations with the best tenderers followed. \u201cIt is an expensive and technically specific asset that was sold together with valid rental agreements \u2013 there are a lot of details that need to be worked out,\u201d Kurvits explained the length of the process. \u201cIn view of the war in Ukraine, these are good sales transactions for Operail.\u201d<\/p>\n

In addition to the wagons located in Ukraine, the process of selling the remaining 2,000 wagons of the wagon rental business is in the final stages \u2013 negotiation of contracts of purchase and sale with the best tenderers. Most of the wagons are covered by rental agreements. All tenants, without exception, are European companies. The wagons are mainly located in Estonia, Kazakhstan, and Mongolia. No wagons have been rented to Russia.<\/p>\n

The sale of wagons is not related to the Russian aggression in Ukraine. Estonia decided to leave the non-strategic business areas of Operail in 2016, when this idea was written in the coalition agreement. In practice, the owner was able to sign the corresponding decision in the spring of 2021. The rental of wagons has been the most profitable business area of Operail for the past six years, with 99% of profits coming from it.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Estonian state-owned railway company Operail sold its rental wagons located in Ukraine. 20 companies participated in the competition and the best was the combination of two participants \u2013 companies Fortior Capital from Ukraine and Teslar Trans from Estonia. In total, agreements were signed for selling 552 wagons. Total amount of the transactions is 6.51 […]<\/p>\n","protected":false},"author":2,"featured_media":3897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[63],"tags":[],"class_list":["post-3905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"acf":[],"yoast_head":"\nOperail sold its wagon fleet located in Ukraine - Operail<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/operail.com\/en\/press-releases\/operail-muus-ara-ukrainas-asuva-vagunipargi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Operail sold its wagon fleet located in Ukraine - Operail\" \/>\n<meta property=\"og:description\" content=\"The Estonian state-owned railway company Operail sold its rental wagons located in Ukraine. 20 companies participated in the competition and the best was the combination of two participants \u2013 companies Fortior Capital from Ukraine and Teslar Trans from Estonia. 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