Port News

Sovcomflot closes in on $500m Moscow IPO

Sovocmflot, Russia’s largest shipowner, has floated the idea of listing on the Moscow Exchange again. The state-run company has long toyed with pushing ahead with an initial public offering with the Putin administration keen to raise funds by privatising many state-owned companies. Reuters is reporting that Sovcomflot is now eyeing to raise at least $500m, …

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