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Russian Rail Said to Seek 5% Stake Sale to State Funds in 2014

OAO Russian Railways wants to sell a 5 percent stake to the country’s wealth and pension funds in 2014 as the first step toward cutting state ownership of the monopoly, according to two people with knowledge of the matter.

The state railroad owner included a sale of new shares to the National Wellbeing Fund and the Pension Fund in its so-called privatization road map, the people said, asking not to be identified before the government signs off on it.