The Russian government has approved the Economy Ministry's suggestion that Russian Railways sell 2,084,216 or less common registered shares of its subsidiary Transcontainter, the operator of Russia's largest fleet of container flat cars, for at least RUB 2,447 (approx. USD 99.67) per share, the government's press office reported today according to RBC. Russian Prime Minister Viktor Zubkov signed a decree to this effect. Therefore, the price of Russian Railways' 15-percent stake in Transcontainer is likely to reach RUB 5.1bn (approx. USD 207.74m) or more.
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