Mostotrest offers shares

By Sandy Guthrie06 October 2010

Mostotrest is working on the Kurortny Prospekt road as part of the Sochi 2014 Winter Olympics projec

Mostotrest is working on the Kurortny Prospekt road as part of the Sochi 2014 Winter Olympics project. There are over 2 km of overpass with towers up to 25 m.

Russian company Mostotrest is launching an international offering of ordinary shares held by its majority shareholder, Marc O'Polo Investments, and expects the offering to be completed in the fourth quarter of this year.

Mostotrest claims to be Russia's largest transport infrastructure construction company by revenue for works conducted in-house.

The shares will be offered to investors in Russia and to certain institutional investors outside Russia and the US in reliance on Regulation S under the US Securities Act of 1933, as amended.

The company's ordinary shares are listed on the RTS on quotation list B, and admitted to trading on the MICEX under the ticker MSTT.

It is expected that the offering will represent approximately 25% of the company's existing share capital.

Deutsche Bank, JP Morgan and Troika Dialog have been appointed as joint global co-ordinators and joint bookrunners for the offering. TKB Capital has been appointed as co-lead manager.

Mostotrest claims an estimated 7,8% market share of the Russian infrastructure construction market (excluding road repair and road maintenance works) by revenue for works conducted in-house in 2009.

Vladimir Vlasov, CEO of Mostotrest, said, "The Russian transport infrastructure construction sector is likely to continue to see major public and private investment in the coming years, and our track record and position as the country's largest transport infrastructure construction company means that we continue to be well positioned to benefit from this trend.

"Through organic growth and acquisition we have established an integrated and diversified business platform to capture value across all key segments of the market and at all stages of the construction process," he said.

Latest News
Diamond Scaffold Services retains merger-and-acquisition specialist for its sale
Southern scaffolder with a seasoned management team and solid workforce plans a sale to properly capitalize the business to continue its growth strategy
Webuild has US$12 billion Australian order backlog after acquisition
Deal means that WeBuild take on staff and order backlog from Australian engineering and construction company
Weak housing demand prompts turnaround plan for Skanska and Ikea’s modular homes arm
Weakening demand for affordable housing has prompted Skanska to launch a turnaround plan for its modular homes arm BoKlok, which it runs in partnership with Ikea.