RDIF, international partners buy 19.4% stake in Globaltruck

PRIME, 03.11.2017

MOSCOW, Nov 3 (PRIME) -- The Russian Direct Investment Fund (RDIF) and international sovereign funds have subscribed for 11.364 million shares of cargo carrier Globaltruck during its initial public offering (IPO), or a 19.4% stake in the company, Globaltruck said in a statement on Friday.

“The RDIF and a group of international sovereign funds have subscribed for 11.364 million shares during the placement, which accounts for 38.96% of the total amount of placement (in condition of a full completion of an additional placement option), or 19.4% of the shareholder equity of the company,” Globaltruck said.

CFO of Globaltruck Denis Lesnykh acquired 5.33 million shares, or 18.3% of the placement amount.

A source with knowledge of the placement terms told PRIME earlier on Friday that the RDIF attracted several investors from the Middle East, Western Europe and North America to the placement.

Roman Lokhov, CEO of one of the deal organizers, BCS Global Markets, said that 14 institutional Western investors, mostly from Europe, took part in the deal.

A financial market source said earlier that Globaltruck had set the IPO price at 132 rubles per security.

The IPO includes sale of up to 21.21 million new shares and sale of up to 7.95 million existing shares, including an offer under an additional share option by GT Globaltruck Limited. Free-float of Globaltruck is to amount to 49.89% after the IPO if all the shares are sold.