Sponsored Links
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).
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters