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Freight One secures higher valuation
RBC, 15.08.2011, Moscow 12:20:59.KPMG has made a new assessment of Freight One, having confirmed the estimate announced earlier by Russian Railways' President Vladimir Yakunin. According to RBC Daily newspaper, the company has been priced at $6.5bn, and the cost of 75% minus two shares is set at around $4.9bn. The previous appraisal stood at $5bn. The rail cargo operator's owner - Russian Railways - decided to have the company reappraised, however, in light of the company's robust performance in H1 2011. The revised valuation has already been submitted to the Federal Property Management Agency. The main contenders in the bid to buy into Freight One refused to comment on the news of the company's reappraisal. Meanwhile, experts concur that $4.9bn is an affordable price for all companies set to participate in the auction.
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