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BREAKING NEWS

Russia's En+ sets IPO price range at $14-17 per GDR

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Russia's En+ sets IPO price range at $14-17 per GDR

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MOSCOW (Reuters) – Russia’s En+ Group, which manages Russian tycoon Oleg Deripaska’s aluminium and hydropower businesses, has set a price range for its initial public share offering (IPO) in both London and Moscow, it said on Monday. The price range was set at $14-$17 per Global Depositary Receipt (GDR). The company expects its market value in a range of $7 billion to $8.5 billion.

(Reporting by Gabrielle Tetrault-Farber and Anastasia Lyrchikova; writing by Polina Devitt; editing by Katya Golubkova)
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