Russian Region Plans to Float Petchem Stakes

The regional government of Tatarstan, Russia says it plans to raise about £2.5 billion ($4.9 billion) by floating stakes in state-owned enterprises, including two of Russia’s biggest petrochemical producers, on the London Stock Exchange. The petchem firms are Kazanorgsintez (Kazan) and Nizhnekamskneftekhim (Nizhnekamsk). The flotations are scheduled by...

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