Clifford Chance

Clifford Chance advises Koks Group on $500m London IPO

Global law firm Clifford Chance has advised Koks Group, the Russian pig iron and coking coal group, on its initial public offering ("IPO") on the London Stock Exchange, that has announced its indicative price range today. The Siberian-based group, which is the world’s number one producer of pig iron, plans to raise $500 million. Citi, UBS Investment Bank and VTB Capital are the joint lead managers and joint bookrunners on the transaction.

Adrian Cartwright, London equity capital markets partner  said:

"We are very pleased to have advised on one of the first major IPOs in 2011, which we expect will lead the way for a strong pipeline of Russian and emerging market IPOs to be listed on the London Stock Exchange this year. This deal evidences the continued resurgence of the European equity capital markets and demonstrates that our equity capital markets practices in London and Moscow are at the forefront of these markets. We also advised JP Morgan, Deutsche Bank and Troika Dialog on the IPO of Mostotrest at the end of last year"

The Clifford Chance team in London was led by partners Adrian Cartwright and John Connolly and the Clifford Chance team in Moscow was led by partner Arthur Iliev. The team was assisted by associates Nikolai Mikhailov, Arthur Levi and Tony Lally in London and Dmitry Dembich in Moscow.