Bloomberg News

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

October 16, 2012

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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