UCL Holding considers an IPO for Freight One

UCL Holding is considering stock market listings of its rail, shipping and stevedoring companies. Initial public offerings (IPOs) are an option for Freight One, Russia’s largest private railway operator, for UCL Port, which includes port assets in the Baltic, Black and Azov Seas, and for Volgo-Balt Transport Holding (VBTH), which manages shipping and shipyard assets. The group would like to attract one or two strategic investors for the assets prior to their IPOs. The names of potential investors or a timeline or location for the IPOs were not disclosed.
“If the investment activity on the transportation market improves, then the most practical and the best thing to do is an IPO … We are talking to various Russian and Western companies and are on the lookout (for investors),” Dmitry Lisin, who is on the board of Freight One, said.


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