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)