Uralvagonzavod BOD recommended a single holder to approve an increase in the share capital through a stock issue, the company informed.
10ths common stocks of 1ths rub. par can be placed through the close offering in favor of the government.
Uralvagonzavod (TIN 6623029538) is a head entity of the integrated structure involving above 20 industrial, research and design companies in Russia and Europe. It is a leader on the native railway cargo engineering market (45%).
The 9-month 2013 net losses gained 1.231bn rub. vs. 9.307bn rub. in profit; revenues declined 23.51% to 51.506bn rub. from 67.34bn rub.; profit from sales - 10.5 fold to 1.331bn rub. from 13.972bn rub.; pretax losses reached 1.372bn rub. vs. 11.837bn rub. in profit.