Sistema holding planning IPO of Segezha

10.04.2017 − 

Russian Sistema is planning to go public with Segezha Group in 2019 via an Initial Public Offering (IPO). Ali Uzdenov, who is in charge of the shareholdings portfolio at Sistema as vice president, said in an interview with the Russian news agency TASS that the prospects for going public are favourable on the strength of Segezha Group’s better earnings position. Since the takeover in September 2014, EBITDA rose from RUB2bn to RUB6.3bn in 2015 and was most recently RUB8.6bn in 2016. Sistema had already announced in March last year that it was planning to go public with Segezha in 2018.

In addition to an IPO of Segezha, Sistema is also examining the possibilities for going public with Agroholding Steppe and the property companies Leader Invest, Business Nedvizhimost, and Mosdachtrest.

Tags of this news:

previous − Germany: Housing approvals up by 10.2% in December

Kingfisher: Weaker sales trend in France  − next