Thursday, September 15, 2005
Russia wants to offer DVMP via IPO in London - report
14/09/2005
Story: Russia could offer a 19.8% stake in Far Eastern Shipping Company (DVMP), the domestic shipping firm, in a London IPO. This was confirmed by the Russian Economic Development and Trade Minister German Gref, quoted in Kommersant.
DVMP, one of the largest container shipping firms in Russia, generated net profits of over RUR 1bn (EUR 28.7m) on revenue of RUR 6.5bn (EUR 186.8m) in 2004. The company is controlled by Sergei Generalov’s Industrial Investors group of companies. A 62% stake in DVMP is the nominal holding of Depositary-Clearing Company.
Kommersant learned from Industrial Investors that the company would not oppose the VSMPO listing.
Source: Kommersant
Value: €186m (DVMP revenues in 2004)
Story: Russia could offer a 19.8% stake in Far Eastern Shipping Company (DVMP), the domestic shipping firm, in a London IPO. This was confirmed by the Russian Economic Development and Trade Minister German Gref, quoted in Kommersant.
DVMP, one of the largest container shipping firms in Russia, generated net profits of over RUR 1bn (EUR 28.7m) on revenue of RUR 6.5bn (EUR 186.8m) in 2004. The company is controlled by Sergei Generalov’s Industrial Investors group of companies. A 62% stake in DVMP is the nominal holding of Depositary-Clearing Company.
Kommersant learned from Industrial Investors that the company would not oppose the VSMPO listing.
Source: Kommersant
Value: €186m (DVMP revenues in 2004)
