OREANDA-NEWS. FESCO has filed official placement report to the FSFR (Russian Securities Commission) with regard to its 25% additional share issue.

All 410,898,000 new common shares, offered to existing shareholders and other investors at RUR 13.6 per share, were subscribed.


The company was able to raise the total of over US$ 213 millions. 180 millions USD were received from the existing shareholders of the Company according to the preemptive rights. The other part of about 33 millions USD was attracted due to open subscription from the market.

The shareholders structure was diversified after the placement. One of the largest financial institutions - US investment fund Genesis, specialized in emerging markets – acquired more than 3 % of the stake. The share of the largest Swedish investment fund East Capital rose up to 9.8 % of the charter capital. East capital is the third largest shareholder now.

About 12 % of the shares were acquired by former owners of the company “Transgarant”. 64 % of the FESCO PLC charter capital belongs to the major shareholder “Industrial Investors”.