TransContainer announces IPO price range
The price range has been set at between US$7.9 to US$9.9 per GDR and US$79 to US$99 per share. Ten GDRs represent an interest in one share.
The implied value of Transcontainer after the Offering will be between US$1.31m and US$1.59m calculated on net debt of approximately US$212m on October 27, 2010.
The Offering consists of a sale by Russian Railways of 4,863,170 shares representing 35% minus 2 shares of the Company’s share capital which currently stands at 13,894,778 shares.
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