Russia’s Richest Man Interested in State Railway’s Freight Unit

Vladimir Lisin, Russia’s richest man and owner of OAO Novolipetsk Steel, is interested in bidding for Freight One Co., owner of about 21 percent of the country’s rolling stock, according to the billionaire’s holding company.

“We’re interested in buying a controlling stake in Freight One,” Dmitry Baukov, a spokesman for Lisin’s UCL Holding BV, which controls ports in St. Petersburg and Tuapse along with 29,000 railcars at Novolipetsk’s transport unit, said by phone.

Globaltrans Investment Plc, Russia’s railroad carrier, and Gunvor International BV, a trader of Russian oil, also plan to bid for Freight One, which is the largest unit of government-owned OAO Russian Railways, Interfax reported earlier today.

Freight One owns more than 240,000 railcars, according to figures on its website. Russian Railways values the 75 percent stake in the unit that the government plans to sell in the first half at $5 billion to $6.5 billion, Vladimir Yakunin, chief executive officer of the railway monopoly, said in January.

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