Moscow Times 16 November 2012
The government authorized the sale of 25 percent in Freight One to Vladimir Lisin’s NTK in what may become a major consolidation in the rail transportation industry, Vedomosti reported Thursday.
NTK will buy the stake from Russian Railways for $1.58 billion, industry insiders said. The proposed sale should now go to the railroad monopoly’s board of directors for approval, industry sources said.
Russian Railways president Vladimir Yakunin said earlier that the company hoped to close the sale before the end of this year to boost revenue.