NefteTransService on track for $500m London IPO

15 Jan 2013

NefteTransService (NTS Group), a Russian private freight rail operator, hopes to raise around $500m from a listing of global depository receipts on the London Stock Exchange.

The company is selling new shares representing up to 25% of the company, with a greenshoe provided by existing shareholders amounting to 10% of the deal size.

Management roadshows are expected to begin in the week of January 28, with pricing coming two weeks after that.

Interest has come from ...

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