RUSSIA: The government has decided to auction a 25% minus three shares stake in Moscow commuter operator Central Suburban Passenger Co, Russian Railways announced on November 15. The minimum sale price will be set by an independent review.
The RZD subsidiary was established on January 1 2006, with RZD owning 50% less two shares and the Moscow region and city of Moscow each owning 25% plus one share. It carries around 1·3 million passengers a day, and employs about 7000 people.
RUSSIA: Private rail freight group Globaltrans Investment acquired an additional 10% stake in oil transport company BaltTransServis from a minority shareholder on November 10, paying US$74·5m to take its controlling interest in BTS to 60%. Globaltrans said BTS will be the 'key platform' for increasing its presence in ...
RUSSIA: Independent Transport Co was the winning bidder for the 75% minus two shares stake in Russian Railways' First Freight Company subsidiary which was sold by auction on October 28. ITC is owned by Vladimir Lisin, Chairman of Novolipetsk Steel and reported by Forbes to be Russia's richest ...
RUSSIA: The Russian government has confirmed its support for a public-private partnership backed by Russian Railways to construct a 658 km high speed line between Moscow and St Petersburg. Speaking in London on October 20, Denis Muratov, Chief Executive of RZD’s high speed rail agency Skorostnye Magistrali, ...
