Railcar builder United Wagon Company (UniWagon) intends to go for a secondary public offering (SPO) of its ordinary shares on the Moscow Exchange. The company intends to place a total of up to 2.5 million additional shares.
The SPO is scheduled to start at the end of April 2017, with the exact dates yet to be confirmed by UniWagon’s CEO. The price of the shares will be determined by the Board of Directors based on the market value and published before the public offering.
“The SPO will raise extra capital to implement our strategic projects and optimize the debt load. Achieving these goals will contribute to further growth of UniWagon’s financial indicators and its market value,” Roman Savushkin, UniWagon’s CEO, said.
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