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News
August 06, 2008
The conversion of shares in the Grocery Factories of Maxim Antonov JSC (JSC Bakaleinye Fabriki Maksima Antonova) began on August 6, 2008 within the frameworks of its preparation for an IPO on the MICEX Stock Exchange. IFC METROPOL is acting as the financial consultant and organizers of the IPO
Parameters of the Grocery Factories of Maxim Antonov JSC share
issue:
• type of security – ordinary shares;
• state registration number – 1–02-12567-A, issued June 7,
2008;
• nominal value – 1 ruble;
• number of shares issued – 155,000,000 shares;
• ISIN code – RU000A0JPXP3;
• ticker symbol – BMFA.
The Grocery Factories of Maxim Antonov JSC, the main production
holding of the ARKADA Group of Agro-Industrial Companies, has
announced plans to stage an IPO in Q4 of 2008. Within the
frameworks of the offering, the company intends to sell 30 percent
of the authorized capital while receiving no less than $100
million. It intends to use the investments raised in the
course of the public share offering to acquire new enterprises that
specialize in grain processing. Through this approach, the
company intends to raise its presence on the Russian flour
manufacturing, buckwheat, combined feed, and baked goods
markets. A part of the investments will used to restructure
its current debt.
Reference
The Grocery Factories of Maxim Antonov JSC is a diversified grain
processing holding that consolidates assets and capacities used in
grain storage and processing, as well as the capacities used in the
production of grain, combined feed and baked goods. The
enterprises comprising the Grocery Factories of Maxim Antonov JSC
are primarily located in the central regions of Russia.
According to initial data, the consolidated revenues of the Grocery
Factories of Maxim Antonov Group of Companies stood at $125 million
in 2007. The revenue forecast for 2008 stands at $250
million. At the same time, the EBITDA margin could reach
around eight percent.
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