Yug Rusi Studying IPO

Yug Rusi, a grain exporter and producer of sunflower oil, is studying an initial public offering after this year, chairman Sergei Kislov said.

An IPO may occur in the next five years not counting this year, Kislov said in an interview Thursday.

The company has storage capacity of 1.4 million tons, owns 200,000 hectares of farmland and exported 1.5 million tons of grains in the season started July 1, he said. In December, Yug Rusi completed the acquisition of grain trader WJ, including two sunflower oil refineries, silos in Russia and Ukraine and a terminal for vegetable oils and grain in Ukraine, he said.

(Bloomberg)

Read more