Morgan Stanley to Handle Russia's TransContainer's IPO

01.07.2008 (10:10)

Russian Railways (OAO RZD) has appointed Troika Dialog and Morgan Stanley & Co. International plc as the lead managers for the initial public offering of TransContainer.

The RZD board will consider selling stocks in TransContainer by underwriters including Morgan Stanley, Troika Dialog and TD Investments Limited.

RZD is considering the sale of 20 per cent of its common shares in TransContainer. The hope is to raise RUB8.2 billion (US$349.3 million) from floor price per share of RUB2,974.

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OAO RZD to Build Rail Link in Libya

02.09.2008 (12:56)

On August 30, Russian Railways began construction of the railway line between Sirt and Benghazi in Libya.

First Freight Company Increases Shipments

01.09.2008 (11:48)

In the first seven months of 2008, the First Freight Company shipped over 50.3 million tons, including 19.1 million tons alone in July, which represents almost 38% of the total volume of transported goods during the year.

Russian Railways Net Profit down 26% in H1

30.07.2008 (14:41)

Russian Railways posted a net profit of 18.8 billion rubles in the first six months of 2008, a decrease of 26.3% compared with the profit in the same period last year, company President Vladimir Yakunin told journalists on Wednesday.

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Government Ponders Launching BPS-2 Construction

05.09.2008 (18:05)

The Energy Ministry has submitted a draft resolution to the government to start the second stage construction of the Baltic Pipeline System (BPS-2), Deputy Energy Minister Stanislav Svetlitsky told journalists today

Airlines Will Lose US$5.2bn This Year

05.09.2008 (17:57)

IATA estimates that the airline industry will post losses of US$5.2 billion in 2008.

Forming New AiRUnion-based Airline to Take at least 9 Months

05.09.2008 (17:29)

It will take at least nine months to form a new Russian national carrier on the basis of the crisis-hit AiRUnion alliance, the state-run Russian Technology Corporation said Friday.