PPF Group, Staroak may sell 6% in Russia’s Polymetal
MOSCOW, Sep 23 (PRIME) -- Czech Republic’s PPF Group NV and Staroak Limited plan to sell up to 26 million of common shares, or 6% in the charter capital of Russian precious metals producer Polymetal International via accelerated book building, Morgan Stanley, one of the possible organizers of the deal, said in a statement late on Thursday.
The book building was to start after the statement’s publication. Polymetal’s shareholder ICT Holding Ltd, controlled by Russian tycoon Alexander Nesis and his partners, has already filed a bid for participation in the stake’s placement on the market, Morgan Stanley said.
Goldman Sachs and Morgan Stanley will act as the placement’s organizers.
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23.09.2016 09:09