RUSSIAN RAILWAYS TO SELL A STAKE IN ONE OF RUSSIA’S LARGEST RAILWAY OPERATORS DUE TO LOSSES AND DEBTS
Russian Railways plans to sell a 49% stake in the Federal Freight Company (FGC) to partially improve its financial situation and raise funds for its investment program, a source familiar with the company’s financial plan told Kommersant. According to him, the state monopoly estimated the value of the company’s stake at 44 billion rubles and…
