“One Russian issuer just bucked the trend in impressive fashion: the exchange itself. The Central Bank of Russia (CBR) last week sold a nearly 12 percent stake in MOEX in a private placement worth some $500 million at 60 rubles, or some $1.75, per share. The issue was four times oversubscribed. Aside from signaling investor demand, MOEX stressed that the transaction brought its free float above 50 percent for the first time — bucking another trend in statist Russia, where other promised privatizations have been delayed for years. The MOEX placement was arranged by Goldman Sachs Group and JPMorgan Chase & Co., along with Russia’s Sberbank and VTB Capital.”
Related posts:
Students Love Trump's Tax Plan When They Think It Came From Bernie
Special forces set to swarm US Southwest and operate among civilians
Federal Reserve Monetary Policy To Target Wealth Inequality?
U.S. missed ‘red flags’ about gunman
Where Immigration Policy Intersects with Government Surveillance
WaPo: The U.S. will never win the war in Afghanistan
Minting Pennies & Nickels Cost U.S. Taxpayers $436 Million Since 2006
Judge fires 34-year court employee for providing document that helped free innocent man
India seizure of smuggled gold zooms 365% in Q1
Saudi Arabian women call new day of defiance against driving ban
How the US sent $12bn in cash to Iraq. And watched it vanish [2007]
Egyptian court orders Al Jazeera and other news outlets to close down
Scientists: Legalize horn sales to save endangered rhinoceroses
300-pound fake corrections officer gets 10 years for sneaking into jails
Italy’s Credit Rating Cut to BBB by S&P; Outlook Stays Negative