PhosAgro launches in London

PhosAgro launches in London

Published: July 13, 2011

Russian fertiliser company completes IPO at bottom of price range.

PhosAgro, a Russian phosphate fertiliser group, has completed its initial public offering on the London Stock Exchange.

The offering was priced at US$420 a share, near the bottom end of the expected range of US$390 to US$495.

Citi, Renaissance Capital and Troika Dialog were joint global coordinators for the IP, and were joined by Credit Suisse and BMO Capital Markets as joint bookrunners. Raiffeisenbank was co-lead Manager.