Monday, October 09, 2006
URALSIB FC listing not before 2009; Vagit Alekperov to divest all non core-assets
mergermarket.com: "URALSIB FC listing not before 2009; Vagit Alekperov to divest all non core-assets
StoryRussia�s URALSIB Financial Corporation will see its IPO not earlier than 2009, as it has been advised by analysts, Vedomosti reported citing URALSIB president Nikolai Tsvetkov.
Vagit Alekperov, the president of listed Russian oil firm Lukoil, said his stake in bank Uralsib has been lowered to 7%. Alekperov also confirmed he planned to exit all non-core assets.
URALSIB Financial Corporation recorded net profit of USD 397.2m in 2005, according to an earlier Kommersant report.
SourceVedomosti, Kommersant
ValueUSD 397m (URALSIB Financial Corporation net profit in 2005) "
StoryRussia�s URALSIB Financial Corporation will see its IPO not earlier than 2009, as it has been advised by analysts, Vedomosti reported citing URALSIB president Nikolai Tsvetkov.
Vagit Alekperov, the president of listed Russian oil firm Lukoil, said his stake in bank Uralsib has been lowered to 7%. Alekperov also confirmed he planned to exit all non-core assets.
URALSIB Financial Corporation recorded net profit of USD 397.2m in 2005, according to an earlier Kommersant report.
SourceVedomosti, Kommersant
ValueUSD 397m (URALSIB Financial Corporation net profit in 2005) "
