TMK, Russia’s largest and one of the world’s leading tube producers, announced that is was going to do a public offering of Global Depositary Receipts and ordinary shares. The company is thinking of offering them at London Stock Exchange and RTS (Russian Trade System). The shares will be offered by TMK Steel Limited, the majority shareholder. This offering is to be approved by all the corresponding bodes, including the registration and approval of the Federal Financial Markets Service and UK Financial Services Authority. Credit Suisse, Dresdner Kleinwort and Renessans Capital are going to assist TMK Steel Limited in coordinating the offer, reports the spokesperson for TMK.