RZD intends to buy foreign design institutes and railway operators

Russia’s state-owned railway company RZD is considering acquiring foreign design centers and railway monopolies, President Oleg Belozerov said in an interview with the Rossiya-24 TV news channel.
“We’re likely to acquire something in certain countries. Probably, it will be design institutes holding licenses and certificates so that we could faster use our best practices. We’re also discussing a potential acquisition of an operator,” he said.
Oleg Belozerov also noted that the railroad monopoly is estimated to be worth from 2 to 4.5 trillion rubles (USD 65 billion) currently. The company is worth “from 2 to 4.5 trillion rubles, according to preliminary estimates based on balance sheet valuation while a more accurate market-value appraisal needs particular discussions,” he said, adding that “the more efficient the company is the higher value it will have.”