Source: Russia’s Rusagro sets SPO price guidance at $15–15.5

MOSCOW, Apr 27 (PRIME) -- Russian agricultural holding Rusagro has set the price guidance for the global depositary receipts (GDRs) to be sold during a secondary public offering (SPO) at U.S. $15–15.5, a banking source told PRIME on Wednesday.

Rusagro plans to raise about $250 million for its investment projects at the SPO.

The bidding book will be closed on Wednesday.

JP Morgan, UBS and VTB Capital act as the book runners and coordinators of the placement.

The family of Vadim Moshkovich own about 75% in the company, CEO Maxim Basov holds a 7% stake, 1.8% are treasury shares, and 16% is in free float.

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