Far East | Energy, utilities

Yakutgazprom to place $94m follow-on shares

27 Sep '10
Republic of Yakutia gas company Yakutgazprom has announced plans to issue $94m follow-on shares.

Under plans, the shares are to be placed privately and bought by one of the company’s shareholders – Investor.

As a result of the placement, the company’s authorized capital is reportedly to grow by 4.4 times – to $120m.
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