SCF Group (Sovcomflot) is “fully ready” to see through an initial public offering (IPO) when the stars align for a long-awaited listing, its chief financial officer says.

Nikolay Kolesnikov told Trade-Winds on the sidelines of the Marine Money Forum in London that the company remains high on Moscow’s list of state-backed companies it wishes to privatise.

“The company is fully ready, as it has been for a while,” he said, adding that it is waiting for the right conditions in the equity markets to present themselves.

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