Up to 15% of the new shares of the UAC will be sold to the Russian state banks
21.10.2007 13:01

This is toraise $1,5 billion. After this the share the UAC may shrink from 90% down to 75%. Among the most probable buyers of the UAC’s stock is the Bank of Development (former VEB). applicants for actions ÎÀÊ — (was ÂÝÁ), has noted Áåçâåðõíèé. UAC signed the agreement on cooperation which assumes ownership of the stock. Negotiations with VTB and Sberbank are expected in November. The funds raised may be directed on the development programs or buying 5% of the shares of EADS from VTB. The head of UAC Valery Bezverhny said that these 5% is a very good deposit under which most banks would be happy to credit the UAC. $5 billion more are to be raised through bonds. In 2009-2010 UAC plans IPO in Russia. UAC is ready to sell 10-15% to raise over $1 billion.

News source: Shipbuilding.ru
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