Goldman Sachs says Severstal shares sold for 885.35 rbl/share

MOSCOW, Nov 9 (PRIME) -- Shares of Russian steelmaker Severstal were sold for 885.36 rubles per paper and its global depositary receipts (GDRs) for U.S. $14.97 per security, organizer of the deal Goldman Sachs said in a statement on Thursday.

On Wednesday, a source told PRIME that Pearlgreen Limited, a company of businessman Alexei Mordashov, has put up 2.1% of Severstal, or about 18 million shares and global depositary receipts (GDRs) for sale through an accelerated book building. So, the cost of the stake is estimated at 15.973 billion rubles or $270.07 million.

Goldman Sachs said that if all the shares are sold, Mordashov will hold about 77% in Severstal.

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