4 Sep '09
Krasnodar retailer Magnit intends to increase its authorized capital through public placement of follow-on shares, Kommersant reports.
Under plans, the firm is to place 11.154 million ordinary shares or 11.8% of its increases authorized capital.
According to the company’s capitalization at the London Stock Exchange (LSE) as of 4 pm of September 3, 2009, the stock was estimated at $562.8m.
The shares are to be placed publicly at RTS, MICEX and LSE, the firm said.