Russian Technologies to hold IPOs for five holdings in five yrs - Chemezov

MOSCOW. May 22 (Interfax) - State corporation Russian Technologies (Rostechnologii) plans to hold IPOs for five holdings in five years, the head of the corporation, Sergei Chemezov, told journalists when asked about how many holdings would go through the IPO process.

"Five holdings in five years," he said.

Chemezov added that the state would decide on what share packets to sell and what packets to keep under its control.

Among the holdings in question, Chemezov cited Russian Helicopters, Russian Electronics, Radiotechnology Holding, and Optic Systems.