London market a 'natural destination' for Russian firms, says LSE CEO as Polyus returns
JOHANNESBURG (miningweekly.com) – The LSE has a strong record of funding growth of Russian mining companies and the return of gold miner Polyus two years after it delisted shows the London bourse remains a “natural destination” for Russian companies, LSE CEO Xavier Rolet said on Wednesday.
“The listing demonstrates London’s ability to deliver substantial equity funding to ambitious businesses from around the world. It also underlines the fact that London remains the natural destination for Russian companies seeking access to international investor capital,” he said in a statement, welcoming Polyus back to the LSE.
The company delisted in 2015 amid Western sanctions over its role in the Ukraine crisis. It was readmitted on Wednesday.
On Friday, Polyus announced it had raised $879-million through a 9% equity offering to international investors, valuing the company at $8.9-billion. The initial public offering was Russia’s largest for 2017.
The company has raised $2.05-billion in debt capital in London over the last decade, and most recently, raised $800-million through a Eurobond placement on London’s main market.
A total of 99 Russian and Commonwealth of Independent States (CIS) companies are listed and traded on the London market, with a total market capitalisation of about $512-billion. Since 2004, Russian and CIS businesses have collectively raised $78-billion in equity and $120-billion in debt in London.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
