Volga | Energy, utilities

Nizhegorodsky Vodokanal places $4.5m follow-on shares

29 Mar '10
Nizhny Novgorod municipal water treatment company Nizhegorodsky Vodokanal has completed private placement of $4.5m follow-on shares, the company reports.

As a result of the placement, the companys authorized capital has increased by 45%s to $14.6m.

Nizhegorodsky Vodokanal is 100% owned by Nizhny Novgorod city administration.
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