Interfax reported that OJSC Freight One will pay its parent company OJSC Russian Railways RUB 10.255 billion in dividends for the results for the first half of 2011.

The company will pay 11.9727981 kopecks per share by October 11. The operator charter capital consists of 85,652,434,154 common shares at a face value of RUB 1. RZD owns 100% minus one share in Freight One.

The owners of Freight One held their annual meeting on June 30 and decided to pay RUB 10 billion in dividends for 2010 before August 29. Therefore, Freight One will pay RUB 20.3 billion in dividends for 2010 and the first half of 2011.

RZD earlier told Interfax that the decision on paying dividends was made in order to avoid excessively boosting Freight One value at its privatization auction. RZD plans to sell 75% minus two shares in the operator to a strategic investor by the end of the third quarter.

Mr Vladimir Yakunin RZD president earlier said RZD board of directors approved an estimate that put the packet at RUB 115.5 billion but this estimate might be increased by 20%.

(Sourced from Interfax)