EuroChem AG has no plans for an initial public offering (IPO) in 2022, according to an Interfax report citing Russian billionaire Andrey Melnichenko, who controls the company. He explained that it is more profitable to raise capital in other ways.
The Zug, Switzerland-based company has held preliminary discussions with potential advisers about listing as soon as 2022, sources told Bloomberg earlier this month (GM Dec. 10, p. 33). The company declined to comment at the time.