14 Jan 2011 10:18

RZD values 75% of Freight One at $5 bln-$6.5 bln

MOSCOW. Jan 13 (Interfax) - Russian Railways (RZD) has valued the 75% stake in subsidiary Freight One that it plans to sell in 2011 at $5 billion-$6.5 billion, RZD chief Vladimir Yakunin said at a briefing on Thursday.

"I can specify the range in which we figure the company's value is. It is from $5 billion to $6.5 billion for that controlling packet being offered for sale," Yakunin said.

However, Russian Transport Minister Igor Levitin has pointed out that no final decision has yet been made on how to sell the 75% stake. He said his ministry thinks it will happen during H1.