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FACTBOX-Russian IPO market bursts into autumn life

Mon Oct 11, 2010 7:41am EDT

 DELAYED
 
 * SUEK, Russia's largest steam coal producer, delayed for at
least a year eagerly awaited plans to list its shares in London.
[ID:nLDE66F0AP] 
 The group had hoped to raise about $1 billion via a 10
percent flotation in Q2 2010. [ID:nLDE60K2A4]
 
 * Agricultural group Rusagro postponed a $300 million IPO in
May, citing market volatility. [ID:nLDE64C05V]
 
 * Fertiliser maker Uralchem delayed a $642 million IPO as
the Greek debt crisis shook market confidence and the Icelandic
volcanic ash cloud grounded plans for a roadshow in late April.
[ID:nLDE63T0GB]
 
 * Mining company SMR, owned by oligarch Oleg Deripaska,
delayed plans for a Hong Kong listing. [ID:nTOE648003]
 
 IN THE PIPELINE
 
 ISSUER                      PROCEEDS         TIMING
 ===================================================
 
 EuroSibEnergo              up to $2 bln      Autumn
 Debt-laden tycoon Oleg Deripaska is planning a Hong Kong IPO
of 25 percent of the power firm, also known as En+ Power, which
operates 14 power stations with total capacity of 19,500
megawatts. [ID:nLDE67A1XG]
 
 Freight One                TBC               2010/2011
 Russian Railways, the state-owned operator of Russia's rail
network, is seeking to offload assets to raise cash and could
float significant stakes in multi-billion-dollar division
Freight One in Moscow or Hong Kong as well as Transcontainer.
[ID:nLDE63M1RZ]
 
 LenspecSMU                 $500 mln          spring 2011
 The construction group is planning a spring IPO in a bid to
raise $500 million. [ID:nLDE65N0M3]
 
 Kamchatka Gold             TBC               2011
 Tycoon Viktor Vekselberg, a key RUSAL shareholder, is
targeting Hong Kong for an IPO of his Kamchatka Gold mining firm
as the project is dependent on Chinese demand.
 Vekselberg in July postponed the float until at least 2011,
but insisted it would still go ahead. [ID:nLDE61E1PX]
[ID:nLDE66E0AB]
 
 Gazprom electricity        TBC               TBC
 Gas monopoly Gazprom (GAZP.MM) said it planned to combine
numerous electricity assets into a single entity and pursue a
stock market flotation, although plans are at an early stage.
[ID:nLDE68511U]
 
 Transaero                  $200 mln          autumn
 Russia's second-biggest airline said in May it was planning
a $200 million IPO in the autumn of 2010. [ID:nLDE64K1DD]
 Koks                       $400 mln          Q3-Q4
 The coking coal miner said in May it could raise about $400
million in an IPO this autumn, but there has since been no sign
of movement.  [ID:nLDE64C1CU]
 
 EkoNiva                    TBC               Feb 2011
 The Russian-German agricultural group is planning an IPO in
Frankfurt next year, Russian business daily Vedomosti reported.
The company declined to comment.
 
 Kopeika                    $300-$500 mln     2010/2011
 The retailer is considering raising $300-$500 million via a
share placement at the end of 2010 or early in 2011 to pay down
debt, but sources said it could also be bought by X5 (PJPq.L) or
Wal-Mart (WMT.N). [ID:nLDE67M1NZ]
 
 Metalloinvest              up to $2 bln      TBC
 The Russian iron and steel firm half-owned by Alisher
Usmanov could raise $1 billion-$2 billion some time next year,
but says a decision would depend on market conditions.
[ID:nLDE60O27T] [ID:nLDE61G2B1]
 
 Phosagro                   $1 bln      late 2011-early 2012
 The fertiliser company plans to raise around $1 billion via
an IPO in late 2011 or early 2012, taking advantage of soaring
demand for agricultural products. Rival EuroChem said it would
follow suit some time before 2014. [ID:nLDE63P1VR] [ID:nLE17425]
 
 OTKRITIE                   TBC               2012
 The fast-growing lender is planning an IPO in around two
years depending on market conditions, senior directors have told
Reuters. [ID:nLDE6961NG]
 
 Victoria                   TBC               TBC
 The grocery chain is considering an initial public offering
or a stake sale and has hired Goldman Sachs and Renaissance
Capital as advisers, but has yet to state a final decision.
[ID:nLDE60Q2GK]

 (Compiled by John Bowker and Maria Kiselyova; editing by
Michael Shields and David Holmes)

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