Open Joint Stock Company Russian Railways (RZD) intends to sell its stake in Public Joint Stock Company Territorial Generation Company No. 14 (MISX:TGKN). RZD plans to sell 39.8% stake in TGK-14 including a joint sale with the stake held by CJSC IC Blagosostoyanie, a source with knowledge of the terms of the deal, told Interfax. This is around 90% altogether," the source said, specifying the size of the stake. “This is tied up with anti-monopoly regulation, and the biggest question is for RZD, the combination of business activities. This is after all a non-core business," it said. At present, the co-owner is determining the "criteria for assessing buyers" of the generating asset and is "seeking a strong and reliable profile company." RZD told Interfax that it had hired VTB Capital for the sale and that its recommendations should be ready by November 20, 2017. "In connection with this, RZD regards TGK-14 as a non-core asset and is ready to meet with potential investors and discuss its sale," the company said.