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Russia's NefteTransService to announce London IPO plans - sources
January 15, 2013 / 6:52 AM / 5 years ago

Russia's NefteTransService to announce London IPO plans - sources

MOSCOW (Reuters) - NefteTransService, one of Russia’s largest private freight rail operators, plans to announce on Tuesday its intention to float shares on the London Stock Exchange, two sources close to the placement told Reuters.

One source said the company could float around 25 percent of its shares and raise $500 million (311 million pounds).

Reporting by Megan Davies and Olga Popova; Writing by Lidia Kelly; Editing by Douglas Busvine

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