Published: July 23, 2012
Russian freight rail group issues depositary receipts in London.
Globaltrans, a Russian transport group, has raised US$520mn through a follow-on funding of depositary receipts listed on the London Stock Exchange.
The deal was managed by Russian bank Sberbank and its Troika Dialog subsidiary.
Globaltrans runs private freight rail operations in Russia, the CIS and the Baltic countries.
Its customers are Russian blue-chip companies operating mainly in the metals and mining, oil products and oil and construction industries.
The company’s depositary receipts have been listed on the London Stock Exchange since 2008.