RZD to take over stake in Yakutia Railways

The Board of Directors of RZD approved the acquisition of 15,211,950 common stocks (22.08%) out of an additional issue released by Yakutia Railways for 912.717 mln RUB (14.7 million euros). The total issue placed through the close offering amounts to 4.133 bn RUB (66.8 million euros) and includes 68,887,500 common stocks. The payment could be provided by the share in the Berkakit-Tommot project or some other assets. Thus, RZD’s share in Yakutia Railways could reach 50%.

Furthermore, the Board of Directors of RZD approved the acquisition of 371 common stocks released by EKZA for the total price of 4.192 mln RUB (67,820 euros).


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