Norilsk Nickel offers 1.7% stake at 13,450 rbl/share at SPO
MOSCOW, Mar 13 (PRIME) -- Crispian Investments owned by Russian businessman Roman Abramovich has opened a bidding book for a secondary public offering (SPO) of a 1.7% stake in metals producer Norilsk Nickel with an offering price of 13,450 rubles per security, a financial market source told PRIME late on Tuesday.
Crispian Investments initially offered 1.25% in Norilsk Nickel, or 2 million shares, but later raised the offering to 2.7 million securities, or 1.7%.
The market price of Norilsk NickelТs shares amounted to 14,380 per security as of the closing of the TuesdayТs trading session. The discount of the SPO amounted to 6.5%.
Citi, Credit Suisse and VTB Capital act as the organizers of the placement.
(65.7674 rubles Ц U.S. $1)