Alliance Oil is going to perform additional issue for $100 million
Edited by Rhod Mackenzie / 2013-06-05 10:19:55
Alliance Oil, Alliance Oil Company before 2009, is going to attract at least 670 million Swedish krone, i.e. $100 million via placement of new preference shares in a form of Swedish depositary receipts. The company will offer approximately 2.2-2.4 million shares to private investors in Sweden and to the Swedish and foreign institutional investors. The price of one security will be 280-310 Swedish krone ($42.5-47.1). Profitability will be 9.7-10.7%. Applications for stock purchase are accepted until June 10-19, and placement price will be announced on June 20.
