Halladale share and stock offer to raise GBP15.3m - Gateway To Russia

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20 April 2004 00:11
Halladale share and stock offer to raise GBP15.3m
HALLADALE, a UK property trading and development company, is raising GBP15.3 million with a placing and open offer of GBP10 million worth of shares at 70p each and GBP5 million of convertible loan stock. Half the capital-raising is being taken by Moscow Narodny Bank, a British bank majority owned by the Central Bank of the Russian Federation, leaving it with a 13.45% stake in the company.
[Evening Standard]

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