27 January, 2012

Ruspetro erupted in London

How the "Y" in London held its first IPO in the new year a Russian company. Ruspetro successfully carried out the failed December 2011 public offering on the LSE. Over 30% of investors paid about $ 275 million, estimated the company at $ 1 billion, while last year it expected a $ 1.2-1.5 billion

On Wednesday morning the book was closed applications for 30% of independent oil companies Ruspetro, housed on the London Stock Exchange, sources told "Kommersant". The papers were evaluated by investors of approximately $ 275 million is slightly less than expected amount, said one of the interlocutors, "Y", but "the company is satisfied with the results."

Ruspetro tried to hold IPO late last year, but then slipped location: foreign investors showed no interest in the securities because of the high leverage of the company and the mass protests against the results of State Duma elections in Russia (see "Kommersant" on December 23, 2011 years). In general Ruspetro estimated at about $ 1 billion, taking into account the debt, which amounts to about $ 350 million, the source said, "b". The main creditors of the company - Savings and gas "Itera", in which it has acquired the license for three projects in the Khanty-Mansiysk in 2008. The main assets Ruspetro - Field East Inginskoe, Pottynsko-Inginskoe and Polyanovskoe with total reserves of 2.1 billion barrels of oil. In 2011, mining them was 4.5 thousand barrels per day. In December, the sources of "b" says that the company is estimated at $ 1.2-1.5 billion

Means the company needs to develop, explained sides "b" over the next five years it is going to produce 3.5 million tons of oil per year. In addition, Ruspetro also need to pay on their loans. In the IPO shares part of the additional issue. The main owners of the company are former head of the Federal Grid Company Andrew Rappaport and his deputy, Alexander Chistyakov. Among the shareholders of a fund Ruspetro Altera Capital of the former deputy head of the Ministry of Economy and government staff Kirill Androsov and Sberbank.

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