Edition:
United Kingdom

Rustranscom Postpones IPO In Favor Of Private Equity Transaction


Friday, 19 Apr 2019 

April 19 (Reuters) - Rustranscom (RTC) ::ANNOUNCES THE POSTPONEMENT OF THE INITIAL PUBLIC OFFERING (IPO) IN FAVOR OF PRIVATE EQUITY TRANSACTION.EARLIER THIS MONTH RTC PUBLISHED INTENTION TO FLOAT AS PART OF PREPARATION TO IPO OF GLOBAL DEPOSITORY RECEIPTS .ACCESS TO PUBLIC CAPITAL MARKETS WAS VIEWED BY RTC PRINCIPAL SHAREHOLDERS AS ONE OF POSSIBLE TOOLS TO FINANCE GROUP’S GROWTH-ORIENTED STRATEGY.HOWEVER, RTC PRINCIPAL SHAREHOLDERS RECEIVED SEVERAL PROPOSALS REGARDING PRIVATE EQUITY TRANSACTIONS, WHICH ARE BETTER ALIGNED WITH GROUP’S DEVELOPMENT STRATEGY.