United Wagon Company
In April 2015, RPC United Wagon Company completed its IPO on the Moscow Exchange, during which 12.22% of the Company’s shares were sold for a total of RUB 9,028 billion. United Wagon Plc, a 100% subsidiary of ICTH and majority shareholder of RPC UWC, sold a nearly 7% stake. Following the offering and taking the additional issue for the benefit of new shareholders into account, United Wagon Plc’s share in UWC decreased to 87.78%.
Over 50 investors took part in UWC’s IPO. Foreign investors made up 38.3% of the demand for UWC shares, with 81.6% of demand coming from institutional investors. Pension funds took 11.1% of the offering, with retail and private investors acquiring 18.4% of the offering.
As a result of the deals that took place in the Moscow Exchange between 2015 and 2018 years and some other transactions, ICTH’s share in PJSC RPC UWC reduced to 9.5% (as per August 2018).