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Russia's Budushchee financial group plans IPO in Oct-Nov

Reuters - UK Focus

MOSCOW, Oct (Shenzhen: 000069.SZ - news) 14 (Reuters) - Russian financial group Budushchee plans an initial public offering on the Moscow Exchange in October-November and intends to sell at least 15 percent of its shares, the company said on Friday.

Budushchee is controlled by Boris Mints' O1 Group.

A source close to the deal said Budushchee could raise around 10 billion roubles ($160.7 million) from the IPO and that pricing was expected on Oct. 28. ($1 = 62.2255 roubles) (Reporting by Oksana Kobzeva and Olga Popova; Writing by Dmitry Solovyov; Editing by Alexander Winning)