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Russian Railways seeks to raise $4.5 billion with unit sale

© RIA Novosti . Mikhail Mokrushin  / Go to the photo bankAlexander Zhukov
Alexander Zhukov - Sputnik International
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Russia's state railway operator Russian Railways on Tuesday gave the green light to the sale of stakes in its Freight One and Transcontainer units, eyeing, chairman Alexander Zhukov said.

 

Russia's state railway operator Russian Railways on Tuesday gave the green light to the sale of stakes in its Freight One and Transcontainer units, eyeing, chairman Alexander Zhukov said.

Zhukov said Russian Railways is looking to make around 115.5 billion roubles ($4.08 billion) from the sale of 75 percent in Freight One. He also said the company expected to earn some 10.7 billion roubles from the sale of its 10 percent stake in Transcontainer.

MOSCOW, April 19 (RIA Novosti)

 

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