TMK says sells 18 mln shares at SPO at 220.7 rbl/share

MOSCOW, Sep 29 (PRIME) -- Russian oil and gas pipe producer TMK has sold 18 million common shares, or 1.74% of the issued capital, at a secondary public offering (SPO) at a price of 220.68 rubles per share, the company said in a statement on Friday.

TMK raised 3.97 billion rubles from the sale.

After the SPO, TMK plans to sell additional new shares to the main shareholder privately at the SPO price.

(97.0018 rubles – U.S. $1)

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