OREANDA-NEWS. Wimm-Bill-Dann Foods OJSC [NYSE: WBD], Russia’s leading manufacturer of dairy products and beverages, today announced the successful completion of a secondary offering of common stock by certain shareholders on the Russian stock market.

Russian and foreign institutional investors, who are trading actively on the Russian stock market, acquired 4,400,000 local common shares of Wimm-Bill-Dann Foods (or 10% of the outstanding shares) through an accelerated bookbuilding process in a lead-managed public offering.

The shares were offered to the market by certain shareholders. Wimm-Bill-Dann Foods did not sell any shares in, and will not receive any of the proceeds from, the offering. The shares were offered to the market within a US$36 to US$39 per share range, and sold at US$37.5 per share.