Siberian Coal Energy Company (SUEK) plans to hold an initial public offering (IPO), but has no specific timing, Chairman of the board of directors Alexander Landia said.
“That’s our plan, be prepared. Because the market is quite volatile. If there is an attractive opportunity, we will be seriously looking at that,” he said and added that the company was interested in both public debt and public equity markets.
Landia also said that SUEK planned to invest around $3 billion in development of infrastructure in the next four to five years to boost coal production by 18%, to 20 million tons. (Prime/Ukrainian metal)