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Transoil has offered a RUB5bn ($155m) entry fee to buy a stake in state-owned Russian Railways’ Freight One cargo unit.
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.
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.
Cable Assemblies, Harnesses and Looms for Railway Applications
Profile Measurement Devices for Trains and Tracks
Rail Corrugation and Acoustic Roughness Measurement Equipment