Suek to list in London, Moscow

RUSSIA’S largest coal producer, Suek, is planning to list in London and Moscow, according to British press reports.
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SUEK's leading Kotinskaya operation in Siberia.

Blair Price

Valuations estimate the company chiefly owned by Russian billionaires Sergey Popov and Andrey Melnichenko could be worth up to $US9 billion.

The Financial Times reported the billionaires will appoint banking advisers this week for the two listings.

Suek aims to reach annual output of 150 million tonnes of coal by 2020.

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