Beluga Group says sells shares at 2,800 rbl to raise 5.6 bln rbl

MOSCOW, Jun 9 (PRIME) -- One of Russia’s leading alcohol producers and importers Beluga Group has sold 2 million shares at 2,800 rubles per share to raise 5.6 billion rubles during a secondary public offering (SPO), the company said in a statement on Wednesday.

"The secondary offering by selling shareholder Tottenwell Limited is 2,000,000 shares, representing approximately 12.7% of the company’s share capital. Price of the offering was set at 2,800 rubles per share. The selling shareholder is a wholly owned subsidiary of PJSC "Beluga Group," the company said.

Beluga Group plans to use the funds to accelerate business growth in accordance with its strategy.

(72.8256 – U.S. $1)

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