United Wagon Company plans SPO on Moscow Exchange in May

MOSCOW, May 12 (PRIME) -- Russian freight car company United Wagon Company (UWC) plans to make a secondary public offering (SPO) on the Moscow Exchange in the second half of May, the company said in a statement on Thursday.

“Research and production company UWC announces a decision to make a SPO of its common shares on the Moscow Exchange. The placement has been scheduled for the second half of May 2016. The company will offer 8.5 million common shares during the SPO, which will be placed in order to raise the UWC charter capital,” the company said.

End