“ Sovkomflot “ has got to a storm
Privatization of the shipping company largest in Russia this year will not take place
the Storm in the world financial markets has forced the government to refuse idea to spend IPO “ Sovkomflota “ in 2011. The company will continue preparation for placing of actions and will wait for a right moment which is expected not earlier than the second quarter of next year.
session of board of directors " Yesterday has taken place; Sovkomflota “ on which strategy of development till 2017 and a question of public placing of 25 % a minus one share of company was considered. According to the chairman of board of directors of the navigable company Sergey Naryshkin, the basic preselling actions within the limits of IPO it is planned to finish during the current year. However placing will take place next year. “ by available estimations, the window of possibilities for effective IPO the companies will open not earlier than the second quarter 2012 “ - has explained g - n Naryshkin.
In the end of last week officials of Ministry of economic development and trade declared that privatisation of 25 % a minus one action “ Sovkomflota “ can already pass in December of this year. However, according to Sergey Naryshkin, the offer of board of directors “ Sovkomflota “ on placing of actions at a stock exchange in 2012 have already supported in the government. The source daily in Ministry of Transport has confirmed it.
According to the operating director of FG BKS Sergey Danilov, the government has accepted the right decision, having transferred IPO “ Sovkomflota “. “ Placing of shares of company in December of this year could not take place from - for a difficult situation on world share platforms, - he speaks. - besides investors in such severe conditions at other equal will prefer to the Russian papers of the action of the foreign companies from - for more favorable investment climate “. G - n Danilov does not exclude that the government should transfer once again terms of placing of actions “ Sovkomflota “ in case in the spring of 2012 the situation in stock markets will not improve.
As a platform for carrying out IPO the shipping company considers the London stock exchange (LSE). Preliminary 25 % of actions “ Sovkomflota “ are estimated more than in 1 mlrd dollars, and cost of all company - are more 4 mlrd dollars Organizer IPO “ Sovkomflota “ the government of the Russian Federation has appointed Morgan Stanley.