Rail Freight Sale for Russia

There will be an open auction in Russia next month, to sell 75% of the freight subsidiary of Russian Railways.  There seem to be three main contenders to purchase the business, funds from which will help Russian Railways to finance its future investments.  The funds will be a key element in reforming the freight side of the railways.

The parent company which is owned by the state, realised nearly $400 million last year when it sold 35% of its container shipping operation,  TransContainer,  on the London and Moscow stock exchanges.