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7 months ago
BRIEF-Russia's NLMK says share sale priced at $17.01 per GDR
December 13, 2016 / 3:07 PM / 7 months ago

BRIEF-Russia's NLMK says share sale priced at $17.01 per GDR

1 Min Read

MOSCOW, Dec 13 (Reuters) - Russian steel producer NLMK :

* Billionaire Vladimir Lisin has sold a 1.5 percent stake in the company for $17.01 per Global Depositary Receipt (GDR);

* Lisin's Fletcher Group Holdings sold 90 million ordinary shares (9 million GDRs) for $153.1 million;

* Deal bookrunner Goldman Sachs said on Friday it had completed an offering of 90 million ordinary shares in the form of shares and GDRs in NLMK;

* Two financial market sources told Reuters the deal was done at a price of $17.35 per GDR. (Reporting by Moscow Newsroom)

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