JSC OGK-6 was founded on the order of RAO “UES of Russia” dated March 16, 2005 in accordance with the decision of RAO UES board of directors dated December 24, 2004 and in accordance with the order of the Government of Russian Federation dated September 1, 2003. RAO “UES of Russia”, as the sole founder of JSC OGK-6, paid the stocks of Novocherkassk SDPP OJSC, Kirishi SDPP OJSC, Ryazan SDPP OJSC and Krasnoyarsk SDPP-2 OJSC for the authorized capital.

Inprom OJSC was established on February 15, 1996. Equity capital totals RUR 1.397 bln. For many years Inprom OJSC is one of the largest Russian steel service network companies and, according to the national branch ratings of the leading participants of metal market, enters the top three. Through the network of own steel centers the Enterprise annually supplies its consumers with 100 000 tons of rolled steel and pipes from the carbon and alloyed steel grades produced in practically all metallurgical works of the CIS. The Company is listed in the federal register of the Russian Chamber of Commerce and Industry as the Chamber’s Most Reliable Business Partners. In 2006 the Enterprise turnover exceeded RUR 12 bln.

Gazprombank, the joint stock bank of gas industry, is the authorized bank of OAO Gazprom and enters the top five of the largest Russian banks regarding all basic indices. Besides gas industry, Gazprombank currently renders bank services to enterprises and employees of other real sector industries of the economy (chemical industry, engineering, defense and other). The Bank’s clients are about 2 mln citizens, over 36 000 corporate clients, including 1 000 enterprises and organizations of gas industry.

Establishment and structural organization of Volga-Dnepr Group of Companies dates back to 2001. Strategic development plan implemented by the Company management resulted in Volga-Dnepr presentation of the new product on the world market – service of global cargo transportations using unique An-124-100 Ruslan aircraft. Today Volga-Dnepr Group of Companies is a customer-oriented, dynamically developing and high-level professional company that possesses the ramified network of offices and subsidiaries all over the world.

Russian power company - Volga Territorial Generation Company (TGC-7) OJSC - was set up on August, 1, 2005 within the frame of project realization of Samara, Saratov, Ulyanovsk and Orenburg power systems restructuring. Main activity of the company is thermal and electric energy is production, electric power sale at the wholesale market, heat supply to domestic and industrial consumers.

KAMAZ OJSC
Date of offering beginning: 4Q of 2008
Date of offering end: 2008 year
Stock exchange: Russian, abroad (most probably LSE)

Igor Zavyalov, former deputy chairman of VTB board, will supervise the financial activity of the currently formed Rostecnology public corporation which assets are estimated at $25 bln. As it became known, Sergey Chemezov, public corporation head, offered Rostecnology supervisory board to approve the candidacy of his personal friend for the post of Deputy General Director of the corporation.

Russian VTB bank that received $8 bln during the initial offering entered the list of the largest world IPO in 2007. The list also includes Chinese CITIC Bank Corporation and Dubai Ports World from UAE. In the analysts’ opinion of Ernst & Young consulting company, “developing markets” will exactly provide the stable inflow of companies that want to hold initial public offering (IPO) in 2008.

In 2008-2010 IPO of the following companies in the metallurgy sphere and mining sector is expected: MBC Resources, OJSC Inprom, Metalloinvest Holding, Mechel (coal segment), Russian Copper Company, VSMPO-AVISMA Corporation.

In the opinion of the leading Russian investment banks’ representatives, activity of domestic companies in terms of stocks offering was stimulated by the growth of borrowings’ cost in the last months. Evgeny Dorofeev, chief of corporate analysis department of Bank Petrocommerce, declared that interest growth to IPO during the liquidity crisis of the Russian companies is determined by the attraction increase of this method of financing. “The main here is not a profit matter, but, on the one hand, high price of borrowings, especially from the market (without secutiry), but not bank one, and on the other hand, overvalue of risks by investors, when yields are required from the fixed income instruments, which they can’t provide. As the result money swaps into the equity securities. It turns out that IPO is now; it is simply the more advantageous method of financing”.