Russian IPOs in London: success, planned, deferred

Rusagro - Russian pork and sugar producer has resurrected plans scrapped just below year last for individual flotation clothing. It fixed the price the offering at $ 14.50 to $ 18.25 per depositary receipt global Tuesday to raise $ 187 million of £.

Hydraulic HMS - the Russian manufacturer of pumps has been forced to cut prices and the extent of the plans to raise up to £ 407 m in London in February its float. It triggered instead of 225 million to £.

Retailereuroset - Russian mobile phone has been reported as as saying last week that it will proceed with an introduction in London Stock Exchange that could raise more than 625 m £.

Standard - Russian construction firm standard group began to pre-marketing a 300 m IPO £ London institutions, last week, according to Reuters.

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Sugar producer pork prices London IPO Rusagro, Russian

Rusagro has about one-sixth of the sugar of the Russia producing market and has the fifth largest country pork farm.

The company expects to increase of 300 m $ (187 m £) in the initial public offer (IPO) and can be evaluated at up to. 08bn $2 on the list of exhibits. The funds collected will be used to finance projects to grow the business.

GDR is similar to American Depository Receipts (ADRS). A bank certificate issued in more than one country for underlying shares held by a foreign investment bank.

Rusagro has about one-sixth of the sugar of the Russia producing market and owner of the pig farm-fifth of the country. It operates also six food processing plants producing oils and fats, as well as a number of dairy farms.

The float of the company in London should be up to 17 1pc of its fairness. The company planned to list in London last year, but its introduction on the stock exchange was cancelled due to poor market conditions.

Rusagro, founded in 2003, is controlled by billionaire founder of the company and Russian Vadim Moshkovich and its family of 95pc and 5MC belonging to Maxim Basov, the current Chief Executive. It is one of the largest agricultural companies of the Russia.

Mr. Moshkovich started selling apartments, vodka and oil in the 1990s, before investing the profits in agricultural land. He is also a Senator of Council of Federation of Russia.

Alfa Capital Markets, Credit Switzerland and Renaissance Capital will advise on the introduction on the stock market, said Rusagro.

A number of Russian companies is in the registration process in London. Construction standard group company began an introduction on the stock exchange of 300 m to pre-marketing £ institutions of London, last week, and the eighth largest bank of the Russia Nomos, plans to raise 437 m £.

However, a number of Russian groups have abandoned the intellectual property offices in London due to the backdrop of market. KOKS, a pig iron and coking coal producer, closed his introduction on the stock exchange in February, market conditions in the wake of the violence in Egypt. Gold miner North had or wanted to increase approximately 680 m £ in a float of London to pay off the debts of its parent company Severstal, but postponed plans after refusing to reduce its price range.

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