RZD seeks to sell its 25% stake plus one share in Central Suburban Passenger Company (CPPK) at an open auction scheduled on 9 November. The auction is organized by Russian bank VTB 24. Bidders should be a Russian or a foreign legal entity not part of the RZD group, whithout losses and overdue debts to budgets. The deadline to file applications is 30 October.
The starting price is RUB 4.2 billion (USD 72.9 million). In case of lack of offers, RZD is ready to sell the stake at a smaller price, but not under RUB 2.3 billion (USD 40 million). RZD will use the funds from the sale to finance its current activities.
Share on:
