Rail Firm Delays Roadshow

By The Moscow Times

Jan. 26, 2013

NefteTransService, expected to issue about 25 percent of its shares in an initial public offering on the London Stock Exchange, delayed the road show for its listing, two sources familiar with the matter said Friday.

The company, one of Russia's largest private rail freight operators, last week announced its intention to go public in the first half of this year.

One of the sources said the road show had been pushed back because Russian freight data showed that the sector had hit a soft patch. It is now being penciled in for April, after the company reports its next set of results, the source added.

Sources said last week that the company could raise $500 million and that the road show was to start Jan. 28.

(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