By Andrei Skvarsky.
Moscow-based Renaissance Insurance Group expects to raise up to 21bn roubles (about $289m) through a planned initial public offering (IPO) of ordinary shares being co-organised by Credit Suisse, J.P. Morgan, VTB Capital, BCS Global Markets, Renaissance Capital, Sberbank and the Tinkoff bank.
Moscow Exchange would be the site of the planned floating, announced by Renaissance Insurance on September 27.
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