No IPO, eurobonds for Belarusian steel mill BMZ in near future
(BelTA) – The Belarusian steel mill BMZ does not intend to arrange an IPO or float eurobonds in the near future, BelTA learned from Ivan Demidov, Head of BMZ's Planning and Economic Analysis Office, on 12 July.
The executive specified: “We consider arranging an IPO in the more distant future and have no intention to do it any time soon.” The company also has no plans to float eurobonds for now.
Ivan Demidov explained that the company does not need loans or assistance of the state budget right now. “The ongoing upsurge allows us to handle things on our own. We've had some help in the difficult period when the world metallurgy industry had a crisis. But right now we don't plan any major loans or infusions,” he stressed.
Established in 1984, BMZ is the managing company of the holding company Belarusian Metallurgical Company. BMZ produces cast sections, long and rolled products, reinforcing bars, pipes, metal cord, high pressure wire, and other sorts of wire.