Exec says RussiaТs Sistema eyes IPO of Segezha Group in 2020 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Exec says RussiaТs Sistema eyes IPO of Segezha Group in 2020

NOVOPLASTUNOVSKAYA, Krasnodar Region, Mar 15 (PRIME) -- Russian multi-industry holding Sistema plans to hold an initial public offering (IPO) of its pulp and paper subsidiary Segezha Group in 2020, Senior Vice President Ali Uzdenov told reporters on Thursday.

УIt is planned for 2020,Ф he said. УEverything has been going on in accordance with our plansЕWe will focus on the green approach to our work over the next two years, on environmental friendliness, on careful work with forests.Ф

In November, the then-President of Sistema Mikhail Shamolin said that the company may float Segezha Group in 2019, but in February, SistemaТs core owner Vladimir Yevtushenkov said that the IPO may happen even earlier. Earlier in March, a source close to Sistema told PRIME that Shamolin would become Segezha GroupТs CEO and a minority owner.


15.03.2018 12:41
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