Russian Helicopters pulls listing

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The Independent Online

State-backed Russian Helicopters has put off its planned $500m London listing, with Andrei Reus, chief executive of major shareholder Oboronprom, saying that "market participants will benefit from more time to reflect upon the true value" of the business.

"While the IPO would serve the Russian Government's strategic vision for the industry, we are also very conscious of the value of our asset," he explained.