Source: Beluga SPO seen at lower bracket of 2,800–3,200 rbl range

MOSCOW, Jun 8 (PRIME) -- One of Russia’s leading producers and importers of alcohol Beluga Group may sell its shares at a price close to the lower point of the initial price guidance of 2,800–3,200 rubles per security during a secondary public offering (SPO), a financial source told PRIME on Tuesday.

The bid book completely covers the amount of the deal, the source added.

The company planned to float up to 2 million shares, or around 12.7% of the shareholder equity.

The selling shareholder is Tottenwell Limited, a 100% subsidiary of Beluga.

(72.9294 rubles – U.S. $1)

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