31 Jan 2011 19:17

Russia's Synergy prices new shares at $44 each

MOSCOW. Jan 31 (Interfax) - Synergy has set a placement price of $44 per share for a supplementary share issue, the Russian distiller said.

The company could raise $297 million with the offering.

The board of directors approved the placement price at a meeting on Monday.

The company will offer 6.750 million 100-ruble shares in an open subscription. The placement is scheduled to begin on February 1.

The supplementary issue of shares was registered on December 23, 2010 (No. 1-01-55052-