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Burkhardt denies sale rumors

Nov 13, 2003

TALLINN - The Estonian government has in recent days expressed concern about rumors of a possible sale of the majority stake in Estonian Railways, the country's rail system, to a major Russian operator company, the Postimees daily reported.Edward Burkhardt, chief executive officer of Baltic Railway System, owner of 66 percent of Estonian Railways, denied the rumors, which alleged that he and other shareholders of Baltic Railway System were in talks with Russia's Severstal on a possible deal. Bur ...

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