Russia's Uralkali sets share price for London IPO
03 October 2007 15:01 [Source: ICIS news]
LONDON (ICIS news)--Russian potash fertilizer company Uralkali has set the price range for its initial public offering (IPO) on the London Stock Exchange at $2.80-3.50 (€1.99-2.49) per share, local news agency Interfax reported on Wednesday.
The company announced last week that it had renewed its plans to list on the LSE.
Uralkali could place about 10% of its shares in
Uralkali shares currently trade at around $3.50 per share on the Russian Trading System (RTS), although the price dropped to $3.30 per share following Wednesday's reports.
The firm dropped proposals to list on the LSE last October, after initially stating it planned to place 22.8% of its shares in IPO.
Based in the Urals, Uralkali exports about 80% of its potash output.
($1 = €0.71)
By: Rebecca Clarke
+44 20 8652 3214
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