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.