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Warsaw draws $170m Geo Alliance

UniCredit began pre-marketing a potential $170m Warsaw listing of Ukrainian oil and gas firm Geo Alliance Group early this week. Primary shares represent around two thirds of the deal size. Geo Alliance Group reported revenues of $36m in 2009 and Ebitda of $24m while producing 145m cubic metres of natural gas and 15,000 metric tonnes of oil, according to its website.

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