Thursday, May 19, 2005
Russian IPO
18/05/2005 GAZ advancing with IPO preparations - report
Story: GAZ, the arm of the Russian automobile holding, Ruspromavto, is preparing for an IPO, reported the daily Vedomosti.
Ruspromavto holds a 75% stake in GAZ. At the moment, Ruspromavto wants to speed up the process of transferring its main assets on to the GAZ balance sheet, Vedomosti continued. According to the report, the sooner Ruspromavto includes all its assets in GAZ, the earlier GAZ will conduct an IPO. The report also said that the minority shareholders of Ruspromavto's subsidiaries were given an offer according to which they could swap their stakes for GAZ's new share issue.
GAZ (Gorky Automobile Factory) is the main subsidiary of Ruspromavto. GAZ generated revenues of RUR 46.65bn (USD 1.6bn) in 20004.
Vedomosti noted that Ruspromavto belongs to the diversified Russian holding, Basic Element.
Vedomosti mentioned the following Ruspromavto subsidiaries: Pavlovsky Avtobus; Golitsynsky Bus Factory (GolGAZ) Saransky Zavod Avtosamosvalov; Avtoizdel; Avtodizel Yaroslav; Likinsky Avtobus and Kurgansky Bus Factory.
Source: Vedomosti
Story: GAZ, the arm of the Russian automobile holding, Ruspromavto, is preparing for an IPO, reported the daily Vedomosti.
Ruspromavto holds a 75% stake in GAZ. At the moment, Ruspromavto wants to speed up the process of transferring its main assets on to the GAZ balance sheet, Vedomosti continued. According to the report, the sooner Ruspromavto includes all its assets in GAZ, the earlier GAZ will conduct an IPO. The report also said that the minority shareholders of Ruspromavto's subsidiaries were given an offer according to which they could swap their stakes for GAZ's new share issue.
GAZ (Gorky Automobile Factory) is the main subsidiary of Ruspromavto. GAZ generated revenues of RUR 46.65bn (USD 1.6bn) in 20004.
Vedomosti noted that Ruspromavto belongs to the diversified Russian holding, Basic Element.
Vedomosti mentioned the following Ruspromavto subsidiaries: Pavlovsky Avtobus; Golitsynsky Bus Factory (GolGAZ) Saransky Zavod Avtosamosvalov; Avtoizdel; Avtodizel Yaroslav; Likinsky Avtobus and Kurgansky Bus Factory.
Source: Vedomosti
