Vladimir Lisin is considering selling shares in $2 billion of transport assets in an initial public offering, his press office said.
The assets, consolidated in Amsterdam-based UCL Holding, include seaports in St. Petersburg and Tuapse, North-Western Shipping and Volga Shipping. “In our estimates, assets of UCL Holding are now worth at least $2 billion, and their value will rise significantly as the investment program is being implemented,” Lisin’s press office said late last week by e-mail. “We don’t rule out an IPO of some of these assets within two to three years.”
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.