Russian chopper firms merge
Published: 21 April, 2008, 15:27
Russia's five major makers of helicopters are to merge into one holding company. They’ll go under the name Helicopter Russia. Company head Andrey Shibitov says the first stage of the rationalisation has been completed.
The process will continue until the first quarter of 2009, when the idea is to float the company on the stock market.
Shibitov explained the new company’s ambitious plans.
“The creation of the helicopter holding is going ahead. Five companies have already joined the holding and represent the basis for the company. The first stage is finished. The second stage will be the creation of a united managing company for the holding. We plan to finish everything by the first quarter of 2009. Also we plan to go public…We plan an IPO by the end of 2009 in Russia with foreign markets also possible. And we are planning an aggressive marketing campaign for the Latin American and Asian markets,” Shibitov said.
21.04.2008, 10:51
Russian telecom brand breaks into World’s top 100Mobile operator MTS has become the first Russian company to make it into the world’s top 100 brands. Russia’s biggest cell-phone company was ranked 89th in the list of most valuable brands – compiled by Millward Brown Optimor for Financial Time |
22.04.2008, 08:29
Investors mindful of Russian inflationHigh inflation and the so-called “Gazprom clause” have come under the spotlight at the Russia Investment Roadshow in London. |
