Gazprombank, Otkritie to manage Russian Aquaculture’s SPO

By Andrei Skvarsky.

Russian lenders Gazprombank and Otkritie Bank will be the joint global coordinators and bookrunners for a secondary public offering of shares (SPO) to be launched by Russian Aquaculture, a leading Russian salmon and trout farmer.

Russian Aquaculture will offer up to 32.8m shares, all of them ordinary, for sale on Moscow Exchange, according to the Moscow-based fish-farming company and business communications agency EM.

The shares will be priced before the end of November, Russian Aquaculture said in a statement.

Gazprombank, Russia’s third-largest bank by assets, is partly owned by Russian natural gas giant Gazprom and is one of the Russian banks under U.S. and European capital market sanctions.

Otkritie is a privately-owned bank and one of Russia’s biggest lenders, was bailed out by the country’s central bank earlier this autumn after worries about the bank’s solvency.

 

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