Tuesday, June 5, 2007

Ruukki Plans $337 Million Share Sale to Fund Further Investment in Russia

(Bloomberg) -- Ruukki Group Oyj, a Finnish investment
company, plans to raise as much as 250 million euros ($337
million) in a share sale to fund pulp and lumber production
investments in Russia.

The company plans to issue 100 million to 130 million new
shares at a subscription price of 1.90 euros to 2.90 euros,
Helsinki-based Ruukki said today in a stock exchange statement.
Shareholders will vote on the proposal at an extraordinary
general meeting on June 12.


Read more at Bloomberg Emerging Markets News

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