Russia’s Etalon to raise equity cash for new development

By Sam Kerr
20 Apr 2021

Etalon, the Russian real estate and construction company listed in London, has launched a rights issue to help fund its investment in new land and development.

The company is seeking to sell 88.5m shares in the form of global depositary receipts on the London Stock Exchange at $1.70 each.

Etalon Group says it plans to accelerate replenishing its stock of land and is considering a pipeline of new project acquisitions in 2021 of around ...

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