Russia momentum continues with LSR block
ECM investors continue to support Russian deals and flooded into a Rub5.8bn ($89m) block in LSR Group, the Russian real estate development company, in what was the latest sell-down by one of the country’s oligarchs.
Andrey Molchanov, chair of the board of directors and the largest shareholder in the company, sold 10 million shares at Rub580 a share, an 8.7% discount to the closing price.Molchanov had only intended to ...
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