ID :
175571
Fri, 04/15/2011 - 07:38
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Shortlink :
http://m.oananews.org//node/175571
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Russia's Euroset postpones IPO
LONDON, April 15 (Itar-Tass) -- Russia's biggest mobile phone retailer
Euroset postponed a planned $1.3 billion IPO on the London Stock Exchange
scheduled for the end of the week because of market volatility.
"Although the investment community has displayed a growing interest in
Euroset, we decided to drop IPO because of challenging and volatile market
conditions," BBC quoted Euroset CEO Alexander Malis as saying on Thursday.
He did not elaborate when the IPO may take place.
Euroset was co-founded by Yevgeny Chichvarkin, who fled to Britain to
escape charges of extortion and kidnapping in 2008.
Euroset postponed a planned $1.3 billion IPO on the London Stock Exchange
scheduled for the end of the week because of market volatility.
"Although the investment community has displayed a growing interest in
Euroset, we decided to drop IPO because of challenging and volatile market
conditions," BBC quoted Euroset CEO Alexander Malis as saying on Thursday.
He did not elaborate when the IPO may take place.
Euroset was co-founded by Yevgeny Chichvarkin, who fled to Britain to
escape charges of extortion and kidnapping in 2008.
