29 September 2003 00:23
Power Machines to place 20% of shares in Nov
MOSCOW. Sept 29 (Interfax) -Russian power engineering concern Power Machines will hold a private placement in
November, offering 20% of its shares, Interros Chairman Vladimir Potanin told the press in Moscow on Monday.
Earlier Power Machines General Director Yevgeny Yakovlev said the company planned to place about 20% of its shares
among institutional investors this year.
Companies representing the interests of Interros and its partners own over 94% of Power Machines and Siemens has a
4.93% stake. [RU ASIA EUROPE EEU EMRG MAC STX] me <>
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