Thursday, April 22, 2010

RZD Approved IPO and Sale of 18 Subsidiaries

The Board of Directors of RZD gave preliminary approval of the sale of 18 subsidiaries' and associates' shares in 2010-2011, said the press service of the company. 

At the same time Directors of RZD approved the IPO of non-controlling (35%) stake od OAO "TransContainer" among Russian and foreign investors. It was scheduled before the end of 2010 depending on market conditions.

Nat Lawyer

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