Court Halts Freight One Sale at Sistema Request, Kommersant Says
Stock Chart for Sistema JSFC (AFKS)
A Moscow court blocked state OAO Russian Railways board of directors from selling 25% plus one share in Freight One at the request of AFK Sistema, Kommersant said, without saying where it got the information
Sistema said its bid should be considered in talks on the shares after the sale was blocked due to a financial reporting technicality, Kommersant said. Russian Railways agreed to sell the stake to a company controlled by Russian billionaire Vladimir Lisin for 50 billion rubles ($1.6 billion), Kommersant said.
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