Koks launches $600m dual listing

12 Jan 2011

Koks, the Russian coking coal firm, launched a $600m London and Moscow IPO on Wednesday, becoming the second issuer from the country to move on with listing plans this year.

“It’s a sweet-spot in terms of sector and country,” said one banker close to the firm. “We’ve had a good reception.”

The sale will comprise around 8% of the company’s share capital now held as treasury shares in a quasi-primary portion while the owners, the Zubitskiy family, will sell ...

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