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Russian government considers proposals to privatize RZD stake

October 25, 2012, 15:02 UTC+3
Possibility for making the IPO of a pilot RZD stake of five percent already in 2013 was confirmed
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MOSCOW, October 25 (Itar-Tass) — The Russian government considers the proposals for the privatization of a stake of Russian Railways (RZD), Russian Minister of Economic Development Andrei Belousov said at a governmental meeting on Thursday.

The possibility for making the IPO of a pilot RZD stake of five percent already in 2013 was confirmed, he said. “This is very important to make the company public and give a market assessment to the company’s value,” Belousov said, adding that several amendments should be introduced in the federal law on the peculiarities of management and property management of the railway transport before the foresaid step.

Belousov added that the Ministry of Economic Development and the experts are discussing the approaches to the privatization regarding the United Grain Company and the Russian Association of the Leasing Companies (Rosleasing) with due account of the role of these companies in the agrarian and industrial sector.

 

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