TransContainer has officially announced its plans to make an IPO. According to the company's statement, Russian Railways may sell up to 4.86m of the company's shares (35 percent minus 2 shares). The IPO will be held in the form of the placement of shares in Moscow and GDRs in London.
The Russian Railways' Board is reported to approve the flotation this week.
J.P.Morgan, Morgan Stanley and Troika Dialog will act as organizers for the issue of Russian Railways' container shipping subsidiary. "This is the first public offering by Russian Railways' subsidiary, and an important step in reforming the railroad industry, the ultimate goal of which is to boost the efficiency of railroad transportation and attract investments to their modernization," Russian Railways President Vladimir Yakunin stated.
The Russian Railways' Board is reported to approve the flotation this week.
J.P.Morgan, Morgan Stanley and Troika Dialog will act as organizers for the issue of Russian Railways' container shipping subsidiary. "This is the first public offering by Russian Railways' subsidiary, and an important step in reforming the railroad industry, the ultimate goal of which is to boost the efficiency of railroad transportation and attract investments to their modernization," Russian Railways President Vladimir Yakunin stated.