Russian metals holding Metalloinvest plans to make an initial public offering (IPO) and is waiting for a good market environment, a spokesman for the company reported.
“Metalloinvest is procedurally ready for the IPO in many respects and the degree of readiness will be even higher after the completion of the shareholder capital reorganization. The iron ore and steel product situation is far from ideal currently. We have a wait and see approach and will be waiting for a more fortunate moment to place shares on the exchange”, the spokesman said. (Prime/Ukrainian metal)