Russians skip the summer slump
Russian mining company Mechel this week kicked off a roadshow for its $2.5bn offer of preferred shares to be listed as global depositary receipts on the Frankfurt stockmarket and in Russia. The deal is managed by Morgan Stanley, Renaissance Capital and KIT Finance.
Meanwhile, Russian steel company Metalloinvest has mandated Merrill Lynch, Credit Suissse and Deutsche Bank as global coordinators for its $2.5bn IPO in London and Russia.
EuroWeek takes a closer look at this year’s busy summer season in Russian equities.
Robert Vielhaber +44 207 440 6042
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