Energoprom Plans IPO

By The Moscow Times

April 3, 2012

Carbon and graphite producer Energoprom plans to launch an initial public offering in 2014 or 2015 to raise money for acquisitions, chief executive Alexei Nadtochy said Tuesday.

The company aims to have capitalization of at least $1 billion ahead of the IPO through which it plans to sell 20 percent to 25 percent of its shares, Nadtochy said. "If [the] IPO happens, we will use the money for M&A deals. We have enough money for our own needs," he said.

Energoprom, which says it is the fifth-largest maker of carbon and graphite products, plans to invest $122 million in production by 2015. Its net debt stands at $70 million, with EBITDA of $60 million.

(Reuters)

… 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