Russia's Sistema says plans secondary share placement
MOSCOW, Sept 25 |
MOSCOW, Sept 25 (Reuters) - Russian oil-to-telecoms conglomerate Sistema said on Tuesday its board of directors proposed a secondary placement of 386 million new shares, equal to 4 percent of its share capital, that could raise more than $300 million.
The company's Moscow-traded stock closed at 26.1 roubles on Monday, valuing the 4 percent stake at around 10 billion roubles ($320.96 million).
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