Euroset might place up to 40% of its stake at London IPO

Euroset Holding N. V., the parent company of Russia’ largest mobile phone retailer Euroset, may put for an Initial Public Offering at the London Stock Exchange up to 40 percent of its shares, Russia’s daily Kommersant said citing sources.
Thirty five percent of the company’s shares for IPO include bonds from Alpazo Ltd., registered in Cyprus.
Its beneficiary is Russian billionaire Alexander Mamut, who controls 50.01% in Euroset.
IPO organizers have estimated Euroset Holding N. V. at $2.7-3.3 billion, which means a benefit for Alpazo Ltd. of over a $1.1 billion. Alfa Capital Markets, Credit Suisse, Goldman Sachs International and VTB Capital were earlier appointed global coordinators and bookrunners.
In October 2010, Euroset, cofounded by scandalous business tycoon Yevgeny Chichvarkin, …

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