WOOD Flash – NLMK: share placement increases chances of inclusion in the MSCI Russia index
NLMK announced an ABB for 90m shares (c.1.5% of the share capital) by a vehicle owned by Mr. Vladimir Lisin, owner of 85.5% of the company, on 8 December 2016. In our view, this improves the company’s chances for potential inclusion in the MSCI Russia index during the index review in May 2017, given the current prices of NLMK's GDRs.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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