22 Mar 2011 12:00

Alliance oil SPO to feature 5.8% of shares

MOSCOW. March 22 (Interfax) - Alliance oil Company will be conducting an SPO consisting of up to 10 million Swiss Depository Receipts (SDR), or roughly 5.8% of the company's shares, says a statement from the Alliance group of companies controlled by Alliance Oil.

Cyprus-based Daumier Investments Ltd, which is affiliated with the Alliance group's main shareholders, will be offering institutional investors some of its Alliance Oil stock in the form of SDR.