RZD to get 200 bln rubles from selling off subsidiaries before 2012 - Yakunin
MOSCOW. June 17 (Interfax) - OJSC Russian Railways (RZD) plans to receive 200 billion rubles from the sale of its subsidiaries by 2012, the company's president, Vladimir Yakunin, said during an interview with television channel Rossiya 24.
"By 2012, we plan to have received 200 billion rubles revenue from asset sales," Yakunin said.
Yakunin said that he is confident that these assets "should be involved in commercial operations" and RZD supports the idea of privatizing 50 of its subsidiaries. "We believe that we can sell off even the blocking packet in main assets," he said.
However, he added that applying this policy on all assets without exception would not be feasible. "We are for keeping [ownership] wherever needed if it is necessary as a way to influence the development of a new transport market, be it a blocking or controlling packet," Yakunin said.