Abrau-Durso champagne maker keeps IPO plans despite volatility

Russia’s leading premium sparkling wine producer Abrau-Durso has not changed its plans on an initial public offering at the end of 2011 or start of 2012 despite market volatility, the company’s sole owner Boris Titov said on Friday. Abrau-Durso, founded in 1898, will sell 15 percent of its shares on the Moscow Interbank Currency Exchange, […]