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Sistema reschedules IPO for Segezha Group

27.04.2018 − 

Russian Sistema wants to execute the long-planned initial public offering (IPO) for the Segezha Group during the course of 2020. This was declared by Ali Usdenov, who manages the investment portfolio at Sistema as vice president. The company had originally given 2019 as a possible date for the IPO.

According to Michail Schamulin, president of Segezha Group, the IPO is to be launched as soon as the group achieves EBITDA of around 10bn RUB. In 2017, EBITDA had fallen 18 % below the previous year to 7.1bn RUB, however.

Besides Segezha Group, Agroholding Steppe and Leader Invest are to be listed on the stock exchange as well in 2020. An IPO is being prepared for MEDSI for 2021. The planned spin-offs of the four companies are expected to bring Sistema total proceeds of 1-2bn US$.

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