26 November 2003 02:39
Ost group plans IPO in two years
MOSCOW. Nov 26 (Interfax) - The Ost group of companies, one of Russia's biggest producers of alcoholic beverages
and soft drinks, plans to make an initial public offering in two years, Yelena Sorokina, the group's general
director, told the press on Wednesday.
The group has already made the first step by issuing bonds in Russia. "It is time to make foreign capital work
in Russia," she said.
Sales will reach $400 million in two years, compared with about $150 million a year now.
Ost plans to expand its production capacity and acquire several companies in Russia. "This is simply necessary
to increase company capitalization," Sorokina said. [RU ASIA EUROPE EEU EMRG BEV IPO STX] me <>
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