Domodedovo cancels IPO - RUSSIAN AVIATION

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Domodedovo cancels IPO

Russian Aviaton » Monday May 30, 2011 16:49 MSK

Domodedovo airport

DME Limited, registered at Man island, has declared that IPO of Domodedovo airport’s shares at London stock market will be postponed, the Domodedovo’s representative reports. AEX.ru

The company’s management and its shareholders believe that placement of Domodedovo’s shares in the current market environment may not be assessed at the level reflecting the company’s fair value.

We remind you, that the company’s management planned to complete the placement procedure by the end of June. The securities of the existing shareholders were intended for sale, no additional issue has been planned. It has been found out at the beginning of May that the amount of initial public offering at London’s stock market was 20%. It has been found out during preparation for shares placement that Dmitry Kamenshik owns 100% of Domodedovo’s shares.

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