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Oct. 22--Kansas City Southern Industries will sell 60 percent of its railroad operations in an initial public offering sometime early next year.
Kansas City Southern owns Kansas City Southern Lines Inc. and various mutual fund businesses. Selling the majority equity stake will allow it to separate the two.
The company declined to say how much it expected to raise in the offering, but analysts have estimated it could bring in $250 million.
Earlier this year, the company created Kansas City Southern Lines Inc. as a holding company for all its transportation-related businesses. Its main holding is Kansas City Southern Railway.