Equity sales hit after Putin stokes ill-feeling

31 Jul 2008

THE POSTPONEMENT of the $720m follow-on offer of fertiliser maker Acron, a further fall in shares of coking coal maker Mechel, and news of investigations into other coal makers by the government continue to make Russia a hostile environment for equity offerings.

On Wednesday the Russian government said it ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial