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Russian Railways May Sell Entire 50% Stake in TransContainer

OAO Russian Railways, which is selling some of its largest subsidiaries this year, may offer investors its entire 50 percent stake in London-listed cargo unit OAO TransContainer, a deputy economy minister said.

The ministry has spoken to potential investors and most of them favor the sale of a majority stake rather than the planned sale of 25 percent, Stanislav Voskresensky said yesterday by phone from Moscow. Russia’s railway monopoly owns 50 percent plus one share in Moscow-based TransContainer.