MOSCOW, 25 Mar. The government of the Russian Federation approved the sale of a part of the shares of the Moscow football club Lokomotiv by Russian Railways OJSC, according to an order published on the official portal of legal information. According to the order, the government agreed with the proposal of the Ministry of Finance to alienate Russian Railways 100 registered shares » Lokomotiv», which is 0.0015% of its authorized capital, by contributing them to pay for the additional issue of shares of the Russian Railways Asset Management joint-stock company at a price not lower than the market price determined on the basis of an independent appraiser's report, and not lower than the book value. Russian Railways Asset Management owns 99.9985% of the shares of the Lokomotiv football club.
