The Russian Timber Group (RTG) Ltd hopes to raise £100m by becoming the first Russian forest products company to float on the London Stock Exchange.
RTG, believed to be the second largest Russian timber harvesting business by volume, is expected to complete its offering on the Alternative Investment Market in early November.
The company plans to use the money to fund continuing growth of the business and pay off some of its debt. The offering will consist of an international offer of ordinary shares to institutional investors in the UK and elsewhere.
“The opportunity for a timber business in Russia and in China is truly tremendous right now,” said RTG chief executive officer Leo Hambro.
For more details see the next issue of TTJ
