Billionaire plans M.video share sale to increase liquidity

Sam Kerr

March 10, 2021 12:15 pm

PHW42Y MOSCOW, RUSSIA - MAY 26, 2018: M.Video store entrance in the Aviapark shopping mall. Safmar group (M-Video) agreed to purchase a Russian network of ho | Alamy Stock Photo

Mikhail Gutseriyev, the largest shareholder in M.video-Eldorado Group (M.video), the Russian e-commerce and electronics company, is seeking to sell 24.2m shares on the Moscow exchange in a secondary public offering. The firm says that the move should help improve the liquidity of the stock.

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Topics

Central and Eastern Europe (CEE)Equity ABBs-Block Trades Europe Follow-ons and Rights issues Emerging Markets CEE Equity EMEA CEE Russia

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Sam Kerr