Report: RussiaТs En+ Group invites banks to hold $1 bln SPO
MOSCOW, Feb 14 (PRIME) -- RussiaТs En+ Group has invited international banks to organize a U.S. $1 billion secondary public offering (SPO), Reuters reported on Wednesday quoting three sources.
One of the sources said that participation of some banks that organized the companyТs initial public offering (IPO) in London in November 2017 is now doubted because of the Kremlin Report, which includes En+ GroupТs owner Oleg Deripaska.
En+ declined to comment, while DeripaskaТs representative declined to comment on market rumors.
En+ GroupТs IPO comprised the sale of 107.14 million global depositary receipts (GDRs) at U.S. $14 per security.
The Daily Telegraph reported last week that MI6 is concerned with the permit to hold the placement because Deripaska has links to the military industry and President Vladimir Putin.