06 November 2003 08:38
SHATURA PLANS TO RAISE UP TO $25 MLN IN INVESTMENT
MOSCOW. Nov 5 (Interfax) - Shatura, a major Russian furniture producer and distributor, plans to raise $20 million to
$25 million in investment by selling an additional 184,000 common shares, with par value of 50 rubles, through private
subscription.
Talks are being held with several major Russian and international
financial and investment institutes that have show an interest in
The share issue will total 9.2 million rubles. Shatura said in a press release that shareholders approved the issue
on October 24 at a meeting in the town Shatura in Moscow region. Evaluating the financial market and its main players,
shareholders selected organizations among which the additional shares could be placed. These include the European Bank
for Reconstruction and Development, International Finance Corporation, World Bank, ABN Amro, BMT Investments Ltd.,
Brunswick, Citigroup CVC International, Fleming Family Funds, Templeton Asset Management Limited, and the U.S. Russia
Investment Fund.
working with the company.
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