Report: KBC to Sell Absolut Bank

Moscow Times 28 November 2012 Belgian banking group KBC will sell Russian lender Absolut Bank to a private pension fund managed by Russian Railways, sources close to the deal said Tuesday. The deal will be announced officially in mid-December, Vedomosti reported,...

Freight One Stake Approved for Sale to Lisin

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...

Russian Railways Moves Closer to French Logistics Purchase

Moscow Times 20 September 2012 Russian Railways has entered into exclusive negotiations to buy PSA Peugeot-Citroen’s GEFCO logistics holding, after the French carmaker identified the rail monopoly’s bid as the most attractive, Russian Railways said...

Russian Railways Considers London IPO

Moscow Times 16 August 2012 Russian Railways, which is now valued at 1.7 trillion rubles ($53 billion), is considering London as a possible venue for a flotation as part of the government’s privatization program for the period until 2016, said the...