Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Champagne IPO Expected

Abrau Durso, a producer of sparkling wine marketed as "Russian Champagne," aims to sell a stake of as much as 15 percent in an initial public offering by the end of the year, shareholder Boris Titov said.

The company, which owns vineyards in the Krasnodar region in southern Russia, will offer shares to small portfolio investors on MICEX, Titov, a chemicals trader and pro-business politician, said Wednesday.

"We need to know our fair value and feel the market," Titov said. "Our global peers, such as Laurent-Perrier, are publicly traded." Titov is targeting a value of $1 billion for the company in 10 years, he said, without estimating its current worth.


… 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.

paiment methods
Not ready to support today?
Remind me later.

Read more