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Nikita Mishin, chairman of GPI's board of directors, said the container terminal operator is looking forward to welcoming new shareholders as part of its expansion attempts.
Highlighting the potential benefits of backing the organisation in stock market trading, Mr Mishin commented: "Our growth strategy, backed by an experienced management team, means we are ready to pursue the many opportunities that are available to us in the fast-developing Russian ports industry."
GPI is looking to generate approximately $100 million in gross proceeds from global depositary receipts as a result of the flotation.
The global offer will be jointly coordinated by Deutsche Bank, Goldman Sachs International, Morgan Stanley and Troika Dialog.
Prospective investors can trace the company's history back to 1996, when transportation firm Severstaltrans was established.
It was renamed the N-Trans Group in 2008, the same year that its port assets were consolidated into GPI.
Posted by Chris Weaver
