- Sputnik International
Russia
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

Russian Helicopters may try again for IPO next year

© RIA Novosti . Ilya Pitalev / Go to the mediabankSergei Chemezov
Sergei Chemezov - Sputnik International
Subscribe
Russian Technologies state corporation hopes to hold an initial public offering next year for Russian Helicopters, its subsidiary holding which designs and manufactures civil and military rotorcraft, Russian Technologies head Sergei Chemezov said on Thursday.

Russian Technologies state corporation hopes to hold an initial public offering next year for Russian Helicopters, its subsidiary holding which designs and manufactures civil and military rotorcraft, Russian Technologies head Sergei Chemezov said on Thursday.

"We have a helicopter holding ready. If the market is more or less stable or starts growing next year, we will of course hold (an IPO)," Chemezov said without ruling out the possibility of postponing it.

Chemezov did not specify the size of the IPO, saying that it would depend on market conditions.
Russian Helicopters intended to hold an IPO in May by placing ordinary shares held by its core shareholder, Oboronprom state defense industry company, and new shares represented by GDRs, in London and Moscow to raise $500 million. However, the company postponed the placement due to unfavorable market conditions.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала