Russian Railways to sell shares of four of its subsidiary companies

The Board of Directors of  Russian Railways (RZD) at a meeting on Tuesday approved the sale of shares in four subsidiaries, said the head of the Council, Deputy Prime Minister Alexander Zhukov, at a press briefing following the meeting, RIA Novosti reported.

 

"The board of directors adopted a preliminary decision on the approval of transactions with shares in four companies. It is expected to sell 75% minus two shares," Zhukov said.
 He added that the long term of the sales - 2011-2012 - is defined in connection with the fact that these assets will not be easy to sell.