Skip to content
Subscriber Only

Billionaire Lisin Said to Apply Twice for $4 Billion Cargo Unit

Billionaire Vladimir Lisin applied twice to bid in an auction for a $4 billion stake in state-owned OAO Russian Railways’ Freight One cargo unit, to ensure the sale goes ahead, said two people with knowledge of the plans.

Two of Lisin’s companies applied to bid, as did billionaire energy trader Gennady Timchenko’s OOO Transoil and ZAO Neftetransservice, owned by Vadim and Vyacheslav Aminov, the people said, declining to be identified because of confidentiality issues.