Russian spreads-to-livestock group OAO Rusagro has confirmed that it plans to launch an initial public offering on Moscow’s two exchanges.
The company will list its shares on the RTS and Micex bourses and the offering will be jointly managed by Alfa Capital Markets, Credit Suisse and Renaissance Capital , a spokesperson for the company revealed.
Go deeper with GlobalData
The listing is expected to take place in May, however, the group is yet to confirm a date for the share sale.
According to reports citing people close to the mayonnaise and margarine maker, Rusagro hopes to raise in the region of US$250m through the offering.
The company declined to comment on what the proceeds of the sale would be used for, although speculation has centred on the possibility that the group hopes to drive expansion through acquisitions.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
