Bloomberg News

Court Halts Freight One Sale at Sistema Request, Kommersant Says

November 22, 2012

A Moscow court blocked state OAO Russian Railways board of directors from selling 25% plus one share in Freight One at the request of AFK Sistema, Kommersant said, without saying where it got the information

Sistema said its bid should be considered in talks on the shares after the sale was blocked due to a financial reporting technicality, Kommersant said. Russian Railways agreed to sell the stake to a company controlled by Russian billionaire Vladimir Lisin for 50 billion rubles ($1.6 billion), Kommersant said.

To contact the reporter on this story: Stephen Bierman in Moscow at sbierman1@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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