Russia Selling $4 Billion Fleet to Billionaires: Freight
This article is for subscribers only.
Russia is set to move 40 percent of the state’s 475,000 rail cars into billionaires’ hands in the government’s biggest sale of transportation assets.
State-run OAO Russian Railways is offering almost 75 percent of its OAO Freight One cargo unit, owner of 192,000 railcars used to carry oil products, metals, fertilizers and coal across the country and for export. The auction is scheduled for Oct. 28 with a starting price of 125 billion rubles ($4 billion).