Freight One could sell 10%-15% of shares in Q3 2011 IPO

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Freight One could sell 10%-15% of shares in Q3 2011 IPO - Levitin

MOSCOW. Nov 18 (Interfax) - Russian Railways (RZD) subsidiary Freight One could sell 10%-15% of its shares in an IPO in Q3 2011, Transport Minister Igor Levitin told reporters.

"We think it's taking too long to sell Freight One. When we decided to sell Freight One, we said Freight Two would have to be sold after Freight One. We think control of Freight One should be sold. There's a proposal to sell with an IPO, which is being moved to Q3 2011," Levitin said.