Rus News Journal

Russian cars ruljat on IPO

the Company can sell 25 % of actions of the enterprises on foreign platforms

Holding Russian cars (enters in the Base element ) Oleg Deripaska plans to place actions of the enterprises at foreign stock exchanges. Of the company are assured that if placing passes successfully, it will bring more than 3 mlrd dollars

Russian cars can sell in the nearest some years at foreign stock exchanges about 25 % of actions of the enterprises. This news was transferred yesterday by agency Bloomberg with the reference to the chairman of board of directors of the company Zigfrid Volf. we are completely ready to making it current or next year - he has informed.

As he said, sale of actions of the enterprises Russian cars on foreign platforms can involve nearby 3 mlrd dollars In Russian cars have explained that Zigfrid Volf spoke only about company plans, however the final decision on IPO is not accepted yet.

In holding Russian cars GAS, corporation VPK, RKTM, RM Systems, " enter group; Enser Abakanvagonmash and Aviabarks . By words g - on Volf, Russian corporation of transport mechanical engineering can become the first enterprise which actions will be offered during IPO. He also has added that four exchange platforms are considered: in London, Hong Kong, the USA and Canada.

the Most attractive and interesting actives in Russian cars is a group GAS and RKTM. However holding plans look a little zaoblachno. I think, it is simple plans and to speak about certain terms IPO while early - analyst Rye, Man and Gor Securities Andrey Tretelnikov considers. As he said, an exit on foreign stock exchanges for Russian cars will be difficult, as the Russian mechanical engineering not so popular.

According to preliminary data, a gain Russian cars last year has grown on 27 %, to 157 mlrd rbl., and the company net profit has made more than 5 mlrd rbl.

IPO holding Russian cars can become the second placing in the foreign markets in the history of Oleg Deripaska`s business. In January, 2010 has passed IPO Rusala at a stock exchange in Hong Kong. Then the company could involve 2,1 mlrd dollars