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Russian helicopters postpones IPO
Tue, 22 May, 2012
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Russian helicopters postpones IPO
Wed, 11 May 2011, 12:52:00
State-controlled <b>Russian Helicopters</b> has postponed a $500m IPO after it failed to attract enough investors.
 
 The firm was formed in 2007 by the Russian governement with the aim of consolidating and developing the Russian helicopter industry.
 
 In a statement Andrei Reus, board member of Russian Helicopters, said that while the IPO would serve the Russian government's strategic vision for the industry, the firm was conscious of the value of its assets.
 
 "Based on constructive conversations we have held with potential investors over the past few weeks, we believe market participants will benefit from more time to reflect upon the true value and growth potential of our business," he said. 
 
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