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FACTBOX-Russian IPO market bursts into autumn life
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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