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MOSCOW, October 24 (RIA Novosti) - Russia's railway monopoly RZD could raise around 300 billion rubles (about $12 billion) from a public offering (IPO) of 20% of its stock, VTB Bank CEO Andrei Kostin said on Wednesday.
RZD President Vladimir Yakunin earlier said the company could float shares after 2010 to attract investment for building new railroads.
Today RZD is wholly-owned by the state and cannot hold an IPO. At the same time, RZD could raise funds through the share offerings of its subsidiaries.
