20 Oct 2010 20:05

Coke producer Koks not to IPO shares before 2011

MOSCOW. Oct 20 (Interfax) - Metallurgical coke producer Kemerovo Koks will not hold an IPO this side of 2011, a banking source told Interfax.

The source said the company had not penciled an IPO in for 2010, so it would not be right to say it was delaying an offering.

Shareholders in Koks did approve an underwriting deal with Citigroup, UBS and VTB Capital on September 4.