Russia’s UTair Group is considering an initial public offering (IPO) in 2013 to raise $100-$350 million in overseas stock offerings.
UTair 757-200. By Rob Finlayson Russia’s UTair Group is considering an initial public offering (IPO) in 2013 to raise $100-$350 million in overseas stock offerings. “We are poised to grow further and need money to expand. We are adding routes within the country and want to fly more abroad and we are expanding our helicopter business as demand for our services is on the rise,” UTair (UT) CFO Igor Petrov told Bloomberg. But the group may also decide to sell a stake ...
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