Interpipe Selects Lead Managers for its IPO

According to Bloomberg News, Interpipe, the Ukrainian steel group controlled by Viktor Pinchuk, has selected Deutsche Bank AG, ABN Amro Holding NV and Merrill Lynch & Co. as lead managers for its IPO, which is likely to take place later this year. The company also announced the appointment of two members to its board: Nikolai Tsekhomsky, finance director of VTB Bank OJSC, and Jean-Pierre Saltiel. They will be responsible for the IPO process. Eugene Cherviachenko: Selection of lead managers is another milestone on the road toward Interpipe’s IPO. We believe these moves might lead to more looks at locally traded Interpipe stocks: Nyzhnyodniprovsk Pipe (NITR: HOLD) and Novomoskovsk Pipe (NVTR: HOLD).