Transoil has offered a RUB5bn ($155m) entry fee to buy a stake in state-owned Russian Railways’ Freight One cargo unit.

Russia-based Transoil, which ships oil by rail, will submit its application to bid for a 75% stake in the Russian rail freight unit by the end of this week.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Russian Railways earlier revealed a plan to auction the Freight One stake on 28 October with a starting price of RUB125.4bn ($4bn).

The other companies that are keen to buy a stake in Freight One include UCL Holding and Neftetransservis.

Globaltrans Investment, Russia’s largest privately owned railroad carrier ,has already pulled out of the bidding process.

 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Railway Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Railway Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact across the defence sector.

Excellence in Action
MTR Corporation and Dragages Hong Kong triumphed in three categories – Research & Development, Environmental and Safety – for their Kwu Tung Station project . Learn how this future Northern Link–East Rail Line interchange sets new benchmarks in digital construction, decarbonisation and safety management.

Discover the Impact