TITANIUM – RUSSIA
July 1st, 2003
BY MARK ROWERUSSIA'S Vsampo-Avisma Group, Europe's top titanium producer, is planning to sell as much as 27 per cent of its stock at an initial public offering on foreign exchanges. Moscow-based Troika Dialog brokerage will advise on the sale, according to Vsmpo-Avisma's deputy general director Vyacheslav Bresht. In response to increasing speculation about such a move, the company share price rose from US$8.5 to US$17 in July. The company also plans to hire an international auditor to prepare financial reports according to generally accepted American accounting ...
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