People & Business :: Companies
UralChem Walks Away from IPO
10:06 AM MDT | May 4, 2010 | Natasha Alperowicz
UralChem (Moscow), a leading Russian fertilizer producer, has postponed plans for a previously announced initial public offering (IPO) in London because its "management and shareholder believe that in the current market conditions the offering cannot be priced at a level, which reflects a fair value of the company." Dmitry Mazepin, chairman of the board of UralChem Holding and 95.5% owner, says that the IPO generated considerable demand by international institutional investors but the company was not satisfied with the valuation that could be achieved...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee