Monday, January 24, 2011

Rusagro Plans IPO In April 2011 In London

 Russia's largest producer of sugar agroholding Rusagro resumed preparations for the IPO and plans the placement in April 2011 on the London Stock Exchange, Reutersreported. 


the selling shareholders will be a Cyprus subsidiary of Rusagro - the company Matchzone Holdings LimitedIn late December Matchzone increased its share in Rusagro to 14,3 percent of shares. Traditionally, the minimum amount companies attract during the IPO in London is about $ 400 million. 


Organizers of the placement were chosen last year. They are Renaissance Capital, Credit Suisse, Alfa-Bank and Sberbank.

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