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Raspadskaya to buy back its common shares
28.02.2012 09:35
Raspadskaya to buy back its common shares

The company Raspadskaya, one of the leading coal producers in Russia, will buy out 48.352 million of its own common shares by 1 April 2012. The company will spend 7.253 billion Rubles for the buy-back.

All the bought-back shares will be paid out by 30 April. The company will acquire the equities for its own means. One share will cost Raspadskaya 150 rubles, this cost corresponds to the market price of a Raspadskaya share in the period from 14 May till 14 November 2011.

The decision on the shares buy-back was taken in November 2011. According to the mass media, the buy-back is in the interests of the main shareholders, including the Evraz Group, owned by Roman Abramovich

Author: Irina Fomina

Tags: Russian coal producers Roman Abramovich    

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