Russia: RZD to sell shares in 30 subsidiaries by 2012

18.02.2010 (15:27)

On the 16th of February in Moscow, president of Russian Railway Vladimir Yakunin participated in the conference on the development of Russian economy.

During the event Yakunin said, that until 2012 RZD plans to sell stake in 30 of its subsidiaries. Nearly 50% of shares in Freight One and nearly 35% of shares in TransContainer will be sold. According to the president of Russian Railways, these will be the most attractive assets.

Papers of Freight One and TransContainer will be sold through an Initial Public Offering, while the rest will be auctioned. Vladimir Yakunin expressed his hopes to gather around RUB 100 billion through the sale of shares until 2012.

www.railwaymarket.eu 

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