in this issue
World News and Views :: Top of the News
Phosagro Plans IPO Next Month
11:17 AM MDT | June 15, 2011 | Ian Young
Phosagro (Saint Petersburg), Russia's biggest producer of phosphate fertilizers, says it is planning an initial public offering (IPO) in London and Moscow next month. The company says it has been given regulatory approval to list 2.6 million shares or about 21% of it share capital outside Russia. However, the company is expected to float a smaller stake estimated at 10%-15%. Phosagro aims to raise $500 million-$1 billion through the IPO from the sale of existing shares, sources say. The price of shares sold in the IPO is due to be announced in mid-July. Russia's...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee