LSR Group places GDRs at $8.5 per issue in SPO, company to raise $398 mln

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LSR Group places GDRs at $8.5 per issue in SPO, company to raise $398 mln - source

MOSCOW. April 30 (Interfax) - The price of OJSC LSR Group's placement came to $8.5 per global depository receipt (GDR) early morning on Friday, a source in banking circles told Interfax.

The placement price therefore came to $42.5 per share.

The company stands to raise $398 million from the SPO.

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