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    ZHDY   RU000A0JNYJ9

JOINT STOCK COMPANY RAILWAYS OF YAKUTIA

(ZHDY)
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Joint Stock Company Railways of Yakutia announced that it expects to receive RUB 4.13 billion in funding from Open Joint Stock Company Russian Railways and other investors

03/03/2017 EDT

Joint Stock Company Railways of Yakutia (RTS:ZHDY) announced a private placement of 68,887,500 common shares at a price of RUB 60 per share for gross proceeds of RUB 4,133,250,000 on March 3, 2017. The transaction will include participation from returning investor Open Joint Stock Company Russian Railways for 15,211,950 shares, representing a stake of 22.08%. The transaction has been approved by the board of directors of Open Joint Stock Company Russian Railways.


© S&P Capital IQ 2017
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