Russian Aquaculture raises $17 Mn

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Russian Aquaculture has raised RUB 1 billion (USD 16.9 million) in a secondary share offering that left one, Mazim Vorobyov, with 47 percent of the company and undershot earlier aims of raising USD34 million.

Russia’s largest salmon-farmer is now worth EUR 150.5 million after its successful float in Moscow on Monday afternoon. Otkritie Bank and Gazprombank acted as joint global coordinators and bookrunners for the offering.

“I would like to welcome the Company’s new shareholders,” company CEO, Ilya Sosnov, was quoted as saying.

“We see great potential for the development of both the sector as a whole and Russian Aquaculture as a company in particular,” Sosnov stated.

“The Company is interested in diversifying and expanding its sources of funding, including by attracting additional investors in future.”