Support The Moscow Times!
Contribute today

Koks Stalls London IPO

By The Moscow Times

Koks, the largest exporter of pig iron, postponed an initial public offering in London, signaling a shortage of investor demand.

Koks delayed the proposed $480 million sale because of unfavorable “market conditions,” the company said Friday. The producer had planned to use the funds to repay debt and finance construction of coal mines. Citigroup, UBS and VTB Capital managed the sale.

Companies including sugar producer Rusagro and fertilizer maker UralChem postponed IPOs last year. Russian Sea Group sold stock at the bottom of its price range, and United Company RusAl slid more than 30 percent after a $2.2 billion offering in Hong Kong before a second-half rebound.

(Bloomberg)


… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

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 you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more

Looming offensive

Russia Striking Ukraine Railways to 'Paralyze' Army Cargo – Ukraine Source

"These are standard steps ahead of an offensive," a Ukrainian security source said.
1 Min read
contemporary art

Police Search Moscow’s Garage Museum – Reports

It was unclear why police may have been performing searches at Garage. 
1 Min read
fatal strikes

Russian Officials Say Ukrainian Attacks Kill 3

Russian officials said Ukrainian bombardments had left two people dead in separate attacks on a Russian border region and a village in occupied Ukraine...
1 Min read
wobbling currency

Russia Holds Rates After Putin Urges Caution

Speaking to business leaders on Thursday, Putin had stressed the need to be "careful" over when to start cutting rates.
2 Min read