A Russian insurance company backed by billionaire Roman Abramovich has picked banks to prepare it for an initial public offering, according to two people familiar with the matter.
Renaissance Insurance selected JPMorgan Chase & Co., Credit Suisse Group AG and VTB Group as global coordinators to work on the deal, according to the people, who asked not to be identified as the information is private. The listing may come later this year, one of the people said.
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September 03, 2021 at 04:02PM
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Abramovich-Backed Insurance Company Said to Pick Banks for IPO - Bloomberg
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