Russian Agroholding Valars Group may start pre-marketing of IPO with further placement through its representative Valinor Company on Warsaw Stock Exchange this week, as stated by Reuters agency. Actual invitations to the investors have not been received however in case the company is planning to start IPO this is summer it has time only until the middle of July.

Earlier there has been information that company’s IPO was scheduled for May. Company is planning to sell 40% of its shares with 300M USD return. Funds will be used for restructuring debt of the company, development of the firm and possibly mergers and acquisitions. Potential organizers of the event are Deutsche Bank and Troika Dialogue. CEO of Valars Ukraine Aleksandr Lavrinenko has confirmed IPO of 40% of shares earlier. He also stated that due to favorable weather conditions and increase of the land bank, company is planning to get 30% higher harvests of grain seed than during the same period in 2010.

Valars Group is a large producer and major exporter of grains in Russia. 226 thousand hectares of land belong to the company in Russia and 124 thousand hectares in Ukraine. Assets of the company are composed by two large-scale terminals and three large grain elevators in Russia, two grain elevators in Ukraine and sales representative offices in Switzerland, Egypt, Ukraine and Kazakhstan. Main beneficiary of the company is its head, Kirill Podolskiy. Latest report for 2009 claims 834M USD revenue and 14M USD net profit.

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