Interfax cited Mr Vladimir Yakunin RZD chief as saying that Independent Transport Company which is owned by Mr Vladimir Lisin UCL Holding and recently won an auction for 75% minus 2 shares in Russian Railways subsidiary Freight One, paid the balance of RUB 120.5 billion for the shares on December 22.

The company bid RUB 125.5 billion for the shares, but had already paid RUB 5 billion as a deposit. The money was paid to TransCreditBank.

Independent Transport Company won the tender for the stake in Freight One Company on October 28. Freight One Company is Russia largest rail freight operator. Russian Railways wholly owns the operator. Freight One has around 200,000 railcars. It shipped 302.3 million tonnes of freight in 2010.

(Sourced from Interfax)