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Russian car leasing firm EuroPlan picks banks for IPO -sources

MOSCOW, May 17 (Reuters) - EuroPlan has picked VTB Capital, Bank of America and UBS to arrange its initial public offering (IPO), three financial market sources told Reuters, joining other firms seeking to ride a wave of investor interest in Russian assets.

Financial sources told Reuters last month that Safmar Financial Investments plans an IPO of EuroPlan in June and is seeking to raise at least $300 million.

Safmar says EuroPlan’s network of branches and representative offices, which lease vehicles for small and medium-sized businesses, covers more than 70 regions in Russia.

EuroPlan, Bank of America and UBS declined comment. VTB Capital did not immediately reply to a request for a comment.

Retailer Fix Price raised $2 billion in March in Russia’s largest initial public offering since the West imposed sanctions on Moscow in 2014.

That was followed by forestry group Segezha’s $400 million offering in April, and bankers expect more to come. (Reporting by Olga Popova and Tatiana Voronova; Writing by Katya Golubkova; Editing by Alexander Smith)

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