18 Feb 2011 12:07

Russian exchange will have priority in Sovcomflot IPO

MOSCOW. Feb 18 (Interfax) - Sovcomflot will give priority to exchanges in Russia for conducting its IPO, First Deputy General Director Nikolai Kolesnikov told Interfax.

"It is normal" for a Russian company to give priority to a Russian exchange, he said. Simultaneously, the company might receive a listing on a Western stock exchange, he said.