Friday, August 11, 2006
SUAL to float via Sual Limited; blocking stake could be worth up to USD 1.25bn - report
SUAL to float via Sual Limited; blocking stake could be worth up to USD 1.25bn - report
Story Russian aluminium group SUAL (Siberian-Urals Aluminium Company) will float in UK via its newly-registered company Sual Limited, reported Vedomosti. The paper referred to sources close to SUAL and banks involved in the IPO. Information about registering Sual Limited has been published on the website of UK’s ministerial agency Companies House, Vedomosti added.
SUAL, controlled by Viktor Vekselberg and partners, wants to list a minimum 25% of the holding, banking sources told Vedomosti. Agreement to mandate JPMorgan Cazenove and UBS to handle the flotation will soon be signed, the sources noted. SUAL and the above banks have not provided any comment, the paper wrote.
Denis Nushtaev, an analyst from Russian Investment Financial Company Metropol, valued the entire SUAL at USD 4bn - USD 5bn and said the sale of its blocking stake could gain USD 1bn - USD 1.25bn.
Source Vedomosti
Value USD 1,250m (Upper value of SUAL blocking stake)
Story Russian aluminium group SUAL (Siberian-Urals Aluminium Company) will float in UK via its newly-registered company Sual Limited, reported Vedomosti. The paper referred to sources close to SUAL and banks involved in the IPO. Information about registering Sual Limited has been published on the website of UK’s ministerial agency Companies House, Vedomosti added.
SUAL, controlled by Viktor Vekselberg and partners, wants to list a minimum 25% of the holding, banking sources told Vedomosti. Agreement to mandate JPMorgan Cazenove and UBS to handle the flotation will soon be signed, the sources noted. SUAL and the above banks have not provided any comment, the paper wrote.
Denis Nushtaev, an analyst from Russian Investment Financial Company Metropol, valued the entire SUAL at USD 4bn - USD 5bn and said the sale of its blocking stake could gain USD 1bn - USD 1.25bn.
Source Vedomosti
Value USD 1,250m (Upper value of SUAL blocking stake)
