Norilsk Nickel trades up after popular block trade

Investors were so enthused by an offering in Norilsk Nickel, the Russian nickel and palladium mining and smelting company, on Tuesday night that bookrunners increased the sale to $550m, and the stock has continued to perform well in trading.

  • By Sam Kerr
  • 12 Mar 2019

Credit Suisse, Citi and VTB Capital were bookrunners on the deal.

Crispian Investments a company jointly owned by Russian oligarchs Roman Abramovich and Alexander Abramov, set out to sell sell around 2m shares in Norilsk, about a 1.25% stake, worth roughly R28.9bn ($440m).

But ...

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1 JPMorgan 163,028.47 711 8.04%
2 Citi 160,005.15 642 7.90%
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4 Barclays 127,185.71 494 6.28%
5 HSBC 106,407.22 534 5.25%

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4 Citi 9,580.75 37 4.90%
5 Deutsche Bank 8,953.95 35 4.58%

Bookrunners of all EMEA ECM Issuance

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3 Goldman Sachs 4,405.13 21 8.41%
4 Citi 3,774.81 24 7.21%
5 UBS 3,602.23 16 6.88%