Russian Helicopters ready for IPO
MOSCOW. May 17 (Interfax) - Russian Helicopters Holding is ready to hold an initial public offering this year, the holding's general director, Dmitry Petrov, told journalists on Thursday.
"We are ready to hold a public placement. This is a market issue for the future. As soon as the markets recover and start giving us a fair assessment, we'll select a window and period for a placement," Petrov said.
He added that the holding is "morally, materially and managerially" ready for an IPO.
Russian Helicopters is a subsidiary of Oboronprom, which is part of the state Russian Technologies (Rostekhnologii) corporation. It is the management company of Moscow's OJSC Mil Helicopter Plant , OJSC Kamov , OJSC Ulan-Ude Aircraft Plant, OJSC Kazan Helicopter Plant, OJSC Rostvertol, OJSC Sazykin Aviation Company Progress, the Kumertau Aviation Production Enterprise, Moscow's Vperyod Machine-Building Plant, the Stupino Machine-Building Plant, Reduktor-PM, the Novosibirsk Aircraft Repair Plant and the Helicopter Service Company.