Freight Two, the newly established rail cargo subsidiary of state-run monopoly Russian Railways (RZhD), has the strategic goal of holding an Initial Public Offering (IPO) in two years' time, RZhD said on Wednesday.
"The strategic goals of the company are to join the group of Russia's top three operators, ensure the growth of the company's value and be prepared for an IPO in two years," RZhD said.
RZhD CEO Vladimir Yakunin has said that Freight Two, which launched operations on September 30, 2010, intended to work for at least two years before the railroad monopoly could raise the issue of its partial privatization.
A decision on the sale of Freight Two shares "will be made pursuant to decisions by federal authorities on the methods and forms of foreign investors' participation in the company's capital," RZhD said.
RIA Novosti
