Railway operator NefteTransService is preparing to float its shares in London in the first half of 2013, industry and financial market sources said, with a view to raising between $300 million and $500 million, one of the sources said.
NefteTransService was founded in 2006 by Vadim and Vyacheslav Aminov. Last year, the company was the country's largest private railway operator, measured by the amount of cargo transported in Russia.
It handled 71.1 million tons of cargo — more than the 69.6 million tons transported by freight operator Globaltrans Investment, which raised over $500 million in a share sale in July.
(Reuters)
Related articles:
… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.
We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.
Remind me later.