February 3, 2017 / 7:24 AM / 7 months ago

Russia's TMK prices its SPO at 75 roubles/share

MOSCOW, Feb 3 (Reuters) - Russia's TMK, the country's largest maker of steel pipes for the oil and gas industry, said on Friday that it had priced its shares for a secondary public offering (SPO) at 75 roubles ($1.27) each.

TMK said it had priced 138,888,888 of existing shares and that it expected gross proceeds from the SPO of 10.4 billion roubles ($176 million). ($1 = 59.1974 roubles) (Reporting by Peter Hobson; Editing by Polina Devitt)

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