NefteTransService valued at up to $1.8 billion by organiser: source
MOSCOW (Reuters) - NefteTransService, one of Russia's biggest private freight rail operators, is being valued at $1.4 billion to $1.8 billion by one of the banks organising its planned IPO, a financial market source said.
NefteTransService is expected to offer around 25 percent of its shares when it goes public in London.
The company announced plans to list earlier this week, allowing it to expand into Ukraine and Kazakhstan as the markets open up to competition. The company declined comment.
(Reporting By Olga Popova, writing by Megan Davies; editing by Doug Busvine)
- U.S. small businesses boosted borrowing in October to its highest level in over six years, an index showed on Tuesday, fresh evidence that the budget battle that shut the federal government for 16 days did little to derail underlying economic growth.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.