Sovcombank and Chelpipe move closer to Moscow floats

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By Sam Kerr
21 Feb 2020

Two large Moscow listings moved closer to launch this week, a boost for Russian equity investors who have not seen any large IPO activity since the Detsky Mir listing in 2017.

On Thursday, the board of Russian lender Sovcombank proposed a measure to increase the bank’s share capital and to apply for a listing on the Moscow stock exchange.

On Friday morning, Chelpipe released its full year results for 2019, which it will use in the marketing for its ...

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