Russia: TMK SPO bid book oversubscribed

The bid book for the secondary public offering of Russian oil and gas pipe producer TMK was oversubscribed under the current guidance range, a banking source reported. The company guided investors for a pre-market placement price of 74.5 rubles per security. The bid book will be closed at 7.00 p.m. Moscow time on February 7,…

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Ukraine: Mariupol Ilyich invests 1.6 billion UAH into modernization

In 2016 Mariupol Ilyich Iron and Steel Works spent 1.647 billion UAH on its technical modernization. Strategic investment projects cost the company 894 million UAH. “That’s the reconstruction of the gas-purifying equipment in the sintering factory (259 million UAH) and the second converter (136 million UAH), overhaul of the blast furnace No. 4 (334 million…

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