Russian conglomerate Sistema on Monday said it is preparing its forestry business Segezha Group for a potential initial public offering (IPO) this year, but that no formal decision has yet been taken. Sistema in November said it was eyeing an IPO for Segezha, which comprises forestry, woodworking, pulp and paper operations, following the successful market debut of online retailer Ozon, which it co-owns. Segezha is one of Russia’s largest vertically integrated pulp and paper business, with a global footprint. Owned by multi-industry conglomerate Sistema, the company logs timber and ...
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