May 10, 2011 / 3:48 PM / 8 years ago

Russian Helicopters postpones $500 million IPO-source

MOSCOW, May 10 (Reuters) - State-controlled Russian Helicopters has postponed a $500 million London IPO after failing to fill its book, a source close to the deal said, delivering a blow to the Russian state’s privatisation plan.

A flotation of the company, which was seeking $500 million partly to pay down debt, would have given foreign investors a rare chance to invest in Russia’s defence industry.

Reporting by Olga Popova, John Bowker and Kylie Maclellan, editing by Vladimir Soldatkin

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