LONDON — According to Forbes.com, Russian Timber Group (RTG) said it proposes to raise $100 million in an initial public offering (IPO). RTG is the second largest Russian timber harvesting business by volume with four sawmills in Russia and one plant in China. The IPO proceeds are intended to pay down a portion of existing debt, while funding three new sawmills. Read more.
Have something to say? Share your thoughts with us in the comments below.