Moscow Times 16 August 2012
Russian Railways, which is now valued at 1.7 trillion rubles ($53 billion), is considering London as a possible venue for a flotation as part of the government’s privatization program for the period until 2016, said the company’s president, Vladimir Yakunin.
The railway monopoly, of which the government plans to sell 25 percent by 2013, could list shares on the London Stock Exchange, following the example of its subsidiary TransContainer, which made an initial public offering there in 2010.
Yakunin made the comments in an interview with the Independent published Wednesday.
“We have been working in London for many years, and we are known here in this market,” Yakunin said. “My preference is for the place where we see the most serious investors.”