MOSCOW, October 28 (RIA Novosti)
Russia's Universal Cargo Logistics Holding (UCL Holding), owned by billionaire Vladimir Lisin, has bought 75 percent minus two shares of Freight One, a rail cargo subsidiary of state monopoly Russian Railways, in a $4.2 billion deal, a UCL Holding spokesperson told RIA Novosti on Friday.
"The maximum declared price ... amounted to 125.5 billion rubles," head of auction commission Valery Krasnovsky said after the auction.
The auction for the sell-off of the stake had a minimum price of 125 billion rubles.
The sale of 75 percent minus two shares in Freight One is a part of the government's 2011-2013 privatization plan intended to bring an extra 1 trillion rubles ($33 billion) to state coffers.
Transoil firm owned by billionaire Gennady Timchenko and NefteTransServis rail cargo transportation company also bid at the auction.
Lisin already owns major transport assets including port facilities in St Petersburg and Tuapse, and Independent Transportation Co, a rail freight firm. He also owns at least 80 percent of NLMK, one of Russia's largest steelmakers, according to the firm.
Add to blog
You may place this material on your blog by copying the link.
The main event of the third day of the 11th meeting of the Valdai International Discussion Club in Sochi was the closing session with President Vladimir Putin. The atmosphere was calm and open, despite the current political tensions and the Russia-West confrontation. The Russian president said that it corresponded to the spirit of the Valdai Club.