Russia could do pilot deal to sell 5% of RZD in 2013

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Russia could do pilot deal to sell 5% of RZD in 2013 - minister

MOSCOW. Oct 25 (Interfax) - Russia could carry out a pilot deal to sell 5% of the shares in Russian Railways (RZD) in 2013, Economic Development Minister Andrei Belousov said at a Cabinet meeting.

"The preliminary work-through of proposals on the privatization of RZD stock with the company and Transport Ministry confirmed the possibility of effecting the sale of a pilot stock interest in the company of up to 5% in 2013," Belousov said.

"It is very important to take the company public and create for all intents and purposes a market valuation for it," he said.