Russia’s largest dairy manufacturer, Wimm Bill Dann, revealed yesterday [Wednesday] that it will reinvest its 2001 profit in its production lines.
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CEO Sergei Plastinin told a press conference that he has asked shareholders to forego dividends, and that the company is planning to place an IPO on the domestic stock market.
Wimm Bill Dann is due to release its 2001 financial results on 30 May. The firm’s annual general meeting will be held on the following day.
Earlier this year, the company floated 10.62 million of its American Depositary Receipts (ADR) on the New York Stock Exchange. To read about this, click here.
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