The operator of a Russian gas station network raised 13.5 billion rubles during an initial public offering on the Moscow Stock Exchange. Trading in Eurotrans shares has already begun and they are available for purchase for non-qualified investors. At the beginning of operations, the company’s market capitalization was 40 billion rubles.
The Eurotrans company, which operates the Trassa gas station network, raised 13.5 billion rubles during its initial public offering on the Moscow Stock Exchange. This was reported by the company’s press service.
Trading in Eurotrans shares has already started on the site, transactions with them can be carried out by unqualified investors. As a result of the IPO, Eurotrans’ market capitalization amounted to 40 billion rubles, with the cost of one share being 250 rubles.
Eurotrans invests the funds raised during the IPO in business development. About 11 billion rubles will be allocated to the construction of new gas stations and the modernization of existing ones, including their equipment with chargers for electric vehicles and gas filling modules.
Author:
Kirill Bilyk
Source: RB
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