Central Suburban Passenger Company

Central Suburban Passenger Company (CSPC) is a Russian commuter railway company.[1] CSPC covers over half of all suburban transportation in Russia, carrying over 500 million passengers in 2011. Businessman Iskander Makhmudov and Andrey Bokarev own CSPC.[2]

Financials

In 2011, the company made 23.6 million rubles in net operating revenue and held 6.3 million rubles in assets.[1]

Ownership

Before 2011, CSPC was owned by Russian Railways (slightly less than 50%), the city of Moscow (25%), and the Moscow Oblast (25%).

In 2011, Moscow Passenger Company (MPC) won an auction to purchase a 25% stake in CSPC from the city of Moscow. In 2013, MPC won an auction to purchase another stake (slightly less than 25%) from Russian Railways. In 2012, Iskander Makhmudov and Andrey Bokarev, through their company Russian Railways, purchased MPC's stake.[2]

References

  1. 1 2 "Central Suburban Passenger Company (ЦЕНТРАЛЬНАЯ ППК)", ISI Emerging Markets webpage, accessed 14 Mar 2013
  2. 1 2 “Russian Railways divests 25% in suburban operator”, RosBusinessConsulting Database, 24 Dec 2012, accessed 18 Mar 2013 via Nexis


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