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Russian Rail Picks Billionaire Lisin to Buy 25% of Freight One

Oct. 16 (Bloomberg) -- OAO Russian Railways selected billionaire Vladimir Lisin’s UCL Holding to buy its remaining 25 percent of OAO Freight One.

Lisin’s transportation company won the stake with a bid of 50 billion rubles ($1.6 billion), state-owned Russian Railways said today in an e-mailed statement. Billionaire Vladimir Evtushenkov’s AFK Sistema had also submitted a bid.

UCL Holdings bought 75 percent of Freight One last year for 125.5 billion rubles.

To contact the reporter on this story: Ekaterina Shatalova in Moscow at eshatalova@bloomberg.net

To contact the editor responsible for this story: Denis Maternovsky at dmaternovsky@bloomberg.net

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