Phosagro is seeking to raise about $1 billion in an initial public offering, Reuters reports. The Russian fertilizer group has got a petrochemical firm and a bank as keystone investors for the offering.
Sibur and Bank Rossiya are the two participants in the offering. Sibur is seeking to acquire $100 million worth of stock in the IPO, while Bank Rossiya will invest less than the Russian petrochemical company.
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