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Volga Gas planning to acquire $120 mln from IPO - source.
Russia & CIS Business and Financial Newswire
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April 12, 2007
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Volga Gas planning to acquire $120 mln from IPO - source
MOSCOW. April 12 (Interfax) - Volga Gas, which owns licenses for three gas fields in Russia's Volga region, is planning to earn about $120 million from an initial public offering in April on the London Stock Exchange's Alternative Investment Market, a source in banking circles told Interfax.
The source said Volga Gas is planning to float about 50% of its shares in the IPO.
Renaissance Capital, the organizer of the IPO, has appraised Volga Gas at $180 million-$240 million, the source said. The ...
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