Shares of the Russian steelmaker Severstal were sold for 885.36 rubles per paper and its global depositary receipts (GDRs) for $14.97 per security, organizer of the deal Goldman Sachs said in a statement on November 9.
On November 8, a source reported that Pearlgreen Limited, a company of businessman Alexei Mordashov, had put up 2.1% of Severstal, or about 18 million shares and global depositary receipts (GDRs) for sale through an accelerated book building. So, the cost of the stake was estimated at 15.973 billion rubles or $270.07 million. (Prime/Ukrainian metal)