Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

TransTelecom Eyeing Lokomotiv Stake
28.11.2013 17:24
TransTelecom Eyeing Lokomotiv Stake
Photo Credit: http://www.playground.ru

TransTelecom, a subsidiary of Russian Railways, is eyeing a minority stake of FC Lokomotiv Moscow that now belongs to VTB 24.

      As Russia-IC reported earlier, VTB 24 took over control over 9.09 percent of the shares of FC Lokomotiv Moscow on November 1, 2013.

      This made the lender the owner of stakes in two rival clubs – FC Lokomotiv and FC Dynamo Moscow, where VTB controls 74 percent.

      According to Vedomosti, the bank’s representatives have played down the conflict of interest saying it doesn’t run counter to the charters of the Russian Football Union or UEFA.

      Lokomotiv is one of the leading clubs in the Russian Premier League, currently ranked second but with the same number of points as Zenit St Petersburg.

      Set up in 1923, Lokomotiv has been nurtured and sponsored by Russian Railways.

      With assets over RUR 3,189.9 billion, Russian Railways is a national monopoly running the second largest network in the world with 85,200 km of track, carrying over 0.95 billion passengers and 1.2 billion tonnes of freight annually across 11 time zones. The company employs close to 1 million people and is Russia’s fourth-largest company by revenue, with over 1195.1 billion roubles for 2010 (according IFRS).

       




Author: Mikhail Vesely

Tags: Russian football Lokomotiv Russian Railways   

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Mercedes-Benz Fashion Week Russia  Russian scientists  Anna Akhmatova  Sergey Obraztsov International Festival of Puppet Theatres  Russian business  Archeological Finds  Lana Del Rey  Gastronomic tourism  Russian tourism  accommodation in Russia  Fyodor Vasilyev  Russian medicine  medicine  Kuril Lake  Russian cities  corruption  Russian entertainment  Fashion  Russian Cinema  Perm Territory  Christmas  Dno  Kronstadt  Virgin Mary  Russian politicians  financial markets  Trams  Alexaner Bubnov  Cancer  Mokshan  Regional Cuisines  Komi Republic  Music Theaters  Moscow  Russian Film Distribution  Space Exploration  Russian science  St. Petersburg  Winter Arts Festival   RSC "Energia"  holiday  Russian economy  Yaroslavl Region  litvinov  Nobel Prize  Russian Olympic winners  Russian transport  Exhibitions in Moscow  Russian football team  Arkhangelsk 


Travel Blogs
Top Traveling Sites