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. Last Updated: 07/27/2016

Freight One Worth $5Bln

Freight One, a cargo unit of Russian Railways, has a value of about $5 billion as it plans to sell shares, chief executive Salman Babayev said Wednesday.

The company will be ready to market the shares by September, he said. The timing and type of placement of the 51 percent stake will be decided by Russian Railways, Babayev said.