PRESS: Russian Railways may pay 20 bln rbl divs with property - Transport & Automobile - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PRESS: Russian Railways may pay 20 bln rbl divs with property

MOSCOW, May 16 (PRIME) -- Russian Railways may pay around 20 billion rubles of dividends for 2018 to the government with property, Kommersant business daily reported Thursday citing sources.

In 2018, the government provided the company with a right to pay dividends on common shares with property, the daily said. The board of directors is expected to make a relevant decision by the end of May.

Facilities of the Sochi freight yard of the Vesyoloye station and the main distribution center of the Olympic Games in Sochi cost about 1 billion rubles, the buildings used by the prosecutorТs office and the police cost 7 billion rubles, and passenger rail cars are estimated at 12 billion rubles, one of the sources said.

The government could use rail cars received from Russian Railways to renew the fleet of Crimean Railways not included in Russian Railways, sources said.

CEO Oleg Belozyorov said in March that Russian Railways suggested paying dividends only on preferred shares and spending the remaining profit on investments.

(64.8489 rubles Ц U.S. $1)

End

16.05.2019 09:33
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 72.3186 +0.4817 25 may
USD 64.6106 +0.1193 25 may
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1279.11 +0.29 18:50 24 may
micex 2619.24 +0.02 18:50 24 may
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 204.50 -2.09 18:49 24 may
lkoh 5240.00 -0.66 18:49 24 may
rosn 423.00 +1.43 18:49 24 may
sber 234.45 +2.25 18:49 24 may
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 72.1000 +0.0775 14:59 24 may
USDTD 64.8200 +0.5275 17:44 24 may