Tuesday, December 06, 2005

Renaissance Capital to handle Ritzio Entertainment Group London IPO - reports

Renaissance Capital, the Russian investment bank will handle the London listing of Ritzio Entertainment Group, in 2006, Vedomosti and The Moscow Times reported. MT referred to unspecified banking sources and stated that Credit Suisse First Boston was one of the banks applying for the position of an adviser.
According to a source close to the management of Ritzio Entertainment, the Russian gambling business will list a 15% stake on LSE in H1 2006, Vedomosti reported. Oleg Boiko and Boris Belotserkovski, Ritzio Entertainment owners, were not available for comment, the item stated.
Various specialists estimate that Ritzio Entertainment's 15% stake could be worth USD 50m to USD 15m, Vedomosti concluded.

SourceVedomosti, The Moscow Times">mergermarket.com: "Renaissance Capital to handle Ritzio Entertainment Group London IPO - reports
StoryRenaissance Capital, the Russian investment bank will handle the London listing of Ritzio Entertainment Group, in 2006, Vedomosti and The Moscow Times reported. MT referred to unspecified banking sources and stated that Credit Suisse First Boston was one of the banks applying for the position of an adviser.
According to a source close to the management of Ritzio Entertainment, the Russian gambling business will list a 15% stake on LSE in H1 2006, Vedomosti reported. Oleg Boiko and Boris Belotserkovski, Ritzio Entertainment owners, were not available for comment, the item stated.
Various specialists estimate that Ritzio Entertainment's 15% stake could be worth USD 50m to USD 15m, Vedomosti concluded.

SourceVedomosti, The Moscow Times"



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