KAMAZ Delays IPO Until 2008

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The Russian government has postponed an IPO of a 9% stake in the country's largest heavy commercial vehicles manufacturer, KAMAZ, until early 2008.The firm, which is 34.01% owned by the state, was due to be floated on the London Stock Exchange. The stake will instead be sold in two floats, one in Russia and another abroad. Economy Minister German Gref said the final dates for the placement will be announced "once the company is ready and all the requirements of a public listing have been