24 Dec 2009 15:45

LenSpetsSMU plans IPO on 25%-30% of shares in mid-2010

ST. PETERSBURG. Dec 24 (Interfax) - Russian construction holding LenSpetsSMU plans to offer 25%-30% of shares in an IPO in the middle of next year, board chairman Vyacheslave Zarenkov told journalists on Thursday.

The company hopes to raise about $300 million in the IPO.