Research detail

26.10 2012 19:34:53

Sale of RZD not in the offing

by Andrey Shenk

Speaking at a governmental meeting, Economic Development Ministry head Andrei Belousov suggested ​​selling a 5% interest in Russian Railways (RZD) in 2013 as a pilot project for its privatization in order to determine its fair market value and demand for its shares from investors. It has yet to be specified who will place the shares and at what trading floor, as well as how the problems that have so far hindered the placement will be fixed in a short period.