Tuesday, May 8, 2007

Billionaire Pinchuk to Sell Interpipe Stock in `Benchmark' IPO for Ukraine

(Bloomberg) -- Billionaire Viktor Pinchuk plans to sell shares in Interpipe, Ukraine's largest producer of steel pipes used by oil and gas companies, in what may be the largest initial public offering ever in the former Soviet republic.

Interpipe has started the process of choosing banks to manage its IPO, which will probably take place next year, the Dnepropetrovsk, eastern Ukraine-based company said in an e- mailed statement. The stock will be listed in London.


Read more at Bloomberg Emerging Markets News

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