Russian Railways to Issue Additional Shares to Government
OREANDA-NEWS. On December 16, 2008 the Board of Directors of Russian Railways approved an additional issue of shares to the Russian government amounting to 41.5 billion roubles, reported the press-centre of Russian Railways.
Russian Railways will place 41.5 million ordinary shares with a nominal value of 1,000 roubles each in a closed subscription for its only shareholder, the Russian Federation, through the Government of the Russian Federation. The shares will be placed at par.
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