OGK-2 (utilities)

IPO, $1,04 bn

OGK-2 is the first Russian energy company to be listed at LSE, and recently commenced the start of a series of Russian power company IPOs expected to take place in London. The US$1.0bn proceeds were achieved through the issue of ordinary shares and London-listed GDRs.

Gazprom took a US$ 640m stake, seeing its shareholding rise to 56%.

Deutsche Bank and Troika were joint bookrunners on the IPO, while UBS was co-manager.

Media Tree successfully managed this roadshow and delivered all logistic services to the OGK-2 management’s highest expectations. The roadshow went across 3 continents for two weeks with a large team including OGK2 executives, the RAO UES senior management, the team of translators, and the bankers.
"You truly made our life so much easier allowing us to focus on delivering the key messages to institutional investors by taking away all the stress involved in such a logistical programme. We would highly recommend Media Tree to any other Russian corporates as an essential part of the team preparing an IPO." Nina Zapryagaeva, OGK-2, Deputy General Director, Economics & Finance