Announcement

Wednesday, February 9, 2011

Koks IPO suspension may sour market for other firms

RIA Novosti reported that the decision by Russian pig iron and coking coal firm Koks to suspend its London IPO may be a signal for other local companies preparing flotation to curb their appetite

Recently, Koks said it had postponed its USD 500 million IPO in London, where it wanted to sell

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