RZD Not to Be Privatized in 2017 - Belozerov

OAO RZD will hardly be privatized in 2017, the Interfax quotes OAO RZD President Oleg Belozerov. Ideally, OAO RZD is to get a portfolio investor upon the privatization, Mr. Belozerov believes.

“The next year is to be a year of on how we should approach privatization”, he said. “Not all the prerequisites are in place today, so I think it will not make sense holding privatization in 2017. We feel OK without investors so far”.

As for the privatization format, Mr. Belozerov said that different options are considered, including perpetual bonds and preferred shares, i.e. “something that does not require transfer of management but improving potential financial capabilities inside the company”.