RDIF acts as an anchor investor in the IPO of Globaltruck
Press release, 03.11.2017
Moscow, November 3, 2017 - The Russian Direct Investment Fund (RDIF), acting in a consortium with leading Middle Eastern funds, took part as an anchor investor in the IPO of PJSC Globaltruck Management (Globaltruck; MOEX: GTRK), one of the largest and most dynamic operators in the Russian trucking market. Following this transaction, RDIF and its co-investors now hold a substantial equity position in the Company. RDIF’s participation contributed to the success of the IPO and helped attract leading institutional investors, including funds from Western Europe and the US.
The Globaltruck IPO took place on the Moscow Stock Exchange under the "Growth Sector" segment. This segment was created with the support of RDIF with the aim of providing fast-growing medium and small-cap companies with access to the Exchange financing and promotion through the public market.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"The successful listing of Globaltruck, one of the largest Full Truck Load trucking companies in Russia, on the "Growth Sector" segment on the Moscow Stock Exchange will be a catalyst for the development of the entire Russian public market. This segment is an important platform for mid-cap companies to raise additional funds for growth on the Moscow Stock Exchange. Transactions on this segment are of great interest to RDIF’s international partners and foreign investors."
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru
Globaltruck is the second largest FTL trucking company in Russia and the leader in the Ural and Siberian markets, as measured by average fleet size for 2016, according to MegaResearch. Globaltruck operates a fleet of 1,090 trucks (with an average age of 3.5 years) and 1,170 trailers from 11 strategically located hubs. Globaltruck has a strong client base among international and Russian retailers and FMCG companies, where its customers include IKEA, Metro, Procter & Gamble and Unilever, e-commerce logistics companies and some of the largest Russian industrial companies, such as MMK, UMMC and Sibur.
The Growth Sector is a segment on the Moscow Stock Exchange for the public listings of securities of small and medium-sized businesses.
Securities with a life span of not less than one year and revenues not exceeding 10 billion rubles for the last year may be included in the Growth Sector.
This project is implemented by the Moscow Stock Exchange with the support of the Russian Direct Investment Fund (RDIF), the Industrial Development Fund (FRP), the SME Corporation, the Russian Export Center (REC), and the Economic Development Ministry, the Bank of Russia and the Ministry of Industry and Trade.
At present 8 securities are traded on the Growth Sector segment(3 issues of bonds are traded of Obuvrus LLC; 4 issues of bonds of Polyplast JSC and, shares of PJSC ChZPSN-Profnastil).
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Hayes / Elena Garside
Tel: +44 (0) 20 7796 4133