The Russian group UTH Russia Holding will decide when to hold its IPO on the London Stock Exchange by June 20, with the most likely date being in July.
Kommersant reports that the IPO will be organised by Credit Suisse, Morgan Stanley and Renaissance Capital and that the total value of UTH Russia Holding is estimated to be over $620 million (€429.3 million).
UTH Russia Holding was formed in 2009 by the merger of Media One Holding and Art Finance & Media (Cyprus). Its main TV assets are the national stations SevenTV and Muz.
It was reported earlier this year that UTH Russia Holding plans to raise around $200-250 million for a 30% stake in the company.