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IAA PortNews is not the author of this article and the editorial opinion can differ from that of the author.

  • Источник: https://splash247.com

    2020 September 17

    Sovcomflot closes in on $500m Moscow IPO

    Sovocmflot, Russia’s largest shipowner, has floated the idea of listing on the Moscow Exchange again.

    The state-run company has long toyed with pushing ahead with an initial public offering with the Putin administration keen to raise funds by privatising many state-owned companies.

    Reuters is reporting that Sovcomflot is now eyeing to raise at least $500m, in a local listing, which would value the company at around $10bn.

    VTB Capital, Citigroup Global Markets, Sberbank CIB, JP Morgan and BofA Securities are acting as joint global coordinators and joint bookrunners for the offering, Sovcomflot said.

    Sovcomflot owns a fleet of 103 vessels according to VesselsValue, made up of 78 tankers, 11 LNG carriers, 4 LPG carriers and 10 OSVs. It also has another eight vessels on order.