Published: April 13, 2011
Company to offer shares in London and Moscow.
A Russian company that designs and manufactures helicopters is to raise US$500mn through an IPO in London and Moscow.
Russian Helicopters is to sell ordinary shares in Moscow and depositary receipts in London to reduce its debt and to fund acquisitions.
The IPO will involve the sale of shares by its major shareholder Oboronprom, a Russian state-owned aerospace company.
Russian Helicopters has appointed Bank of America Merrill Lynch, BNP Paribas and VTB Capital as its global co-ordinators and bookrunners.
Company to offer shares in London and Moscow.