Motor Sich Announces Plans To Place Another 5% Stake In Frankfurt
21 June 2008
Motor Sich (MSICH: BUY) CEO, Vachaslav Boguslaev, said yesterday that the company would place another 5% equity stake in the company on the Frankfurt Stock Exchange next week. According to Boguslaev, the remaining 4% stake the company has said it plans to place will be placed in September. The starting price for the 5% stake will be USD 175. Boguslaev also added that the company plans to bring MSICH’s MCAP to USD 550-600 mln.
