Euroset Holding N. V., the parent company of Russia' largest mobile phone retailer Euroset, may place for an Initial Public Offering at the London Stock Exchange this month up to 40 percent of its stock, Russia's daily Kommersant said citing sources.
Thirty five percent of the company's shares for IPO belong to Alpazo Ltd., registered in Cyprus. Its beneficiary is Russian billionaire Alexander Mamut, who controls 50.01% in Euroset.
IPO organizers have estimated Euroset Holding N. V. at $2.7-3.3 billion, which means a benefit for Alpazo Ltd. of over a $1.1 billion.
Alfa Capital Markets, Credit Suisse, Goldman Sachs International and VTB Capital were earlier appointed global coordinators and bookrunners.
In October 2010, Euroset, cofounded by scandalous business tycoon Yevgeny Chichvarkin, said it wanted to raise $1.86 billion on the London Stock Exchange.
In 2008, Chichvarkin went into a self-imposed exile in Britain saying he faced imprisonment in Russia and could be killed if put behind bars.
Last September, a British court delayed until next year a hearing into Russia's request to extradite Chichvarkin, who is accused at home of running a mafia-like structure. Chichvarkin has denied accusations, saying the charges were politically motivated.
MOSCOW, April 1 (RIA Novosti)