HONG KONG Jan 21 China Shouguang Agricultural
Product Logistic Park plans to apply to the Stock Exchange of
Hong Kong in mid-February for a share listing, according to IFR.
In another listing, Oleg Deripaska-owned EuroSibEnergo, a
leading Russian hydropower utility, is bringing back its $1-1.5
billion postponed Hong Kong IPO to the market, IFR said.
The company, an agricultural products market operator, aims
to raise between $800 million and $1 billion from a listing in
the second quarter. BOC International, JPMorgan Chase (JPM.N) and
UBS AG (UBS.N) are the bookrunners.
The company, under the control of the family of Xiu Li
Hawken, chairman of Hong Kong-listed Renhe Commercial, mainly
provides transaction, e-commerce, logistical and value-added
services to agricultural producers. Six investors, including
Atlantis Investment, Blackstone Group (BX.N), Capital
International and Warburg Pincus, invested $100 million each for
a combined 30 percent stake in Shouguang at a 2010
price-to-earnings valuation of 18 times.
Premarketing for EuroSibEnergo is scheduled to start after
the Lunar New Year holidays.
The company postponed the deal early last December, amid a
weaker tone in the region's equity markets and also having had to
finalise a deal to sell a cornerstone stake to China's Yangtze
Power. The company plans to float 25 percent of its shares.
BOC International, Deutsche Bank (DBKGn.DE) and VTB are joint
global co-ordinators of the IPO. Bank of America (BAC.N) Merrill
Lynch, Credit Suisse CSGN.VX, RBS (RBS.L), Renaissance Capital
and Sberbank are bookrunners.
(Reporting by Fiona Lau; Editing by Ken Wills)