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DME unveils plans for Domodedovo IPO: reports

19-May-2011 12:06 PM

Russia’s Moscow Domodedovo International Airport is considering launching an IPO on the London Stock Exchange, according to its management company DME Limited (RIA Novosti/Reuters, 18-May-2011). The company did not disclose the value of the IPO, but said that investors will be offered the airport's existing shares represented by Global Depositary Receipts (GDRs). One GDR will equal one ordinary share. Goldman Sachs, JPMorgan, Morgan Stanley and Citigroup have been appointed as lead managers.