Russian Rail Seeks $3.8 Billion From Asset Sales, Vedomosti Says

Russian Railways plans to raise 118 billion rubles ($3.79 billion) by selling assets this year and next, Vedomosti reported, citing a bond prospectus.

Asset sales by the state rail company last year raised a larger sum of money as 75 percent of OAO Freight One went for 125 billion rubles, the newspaper said.

To contact the reporter on this story: Stephen Bierman in Moscow at sbierman1@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

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