Russian food processor Ros Agro Plc (AGRO.L) Friday said it has priced the international initial public offering of its shares in the form of GDRs (global depositary receipts) at $15 per GDR. The company will use the net proceeds from the offering to modernize and expand its production capacity.
The offering comprises 20 million GDRs to be sold by the company for aggregate gross proceeds of $300 million. The company's majority shareholder Shiny Property Ltd. will sell 2 million GDRs to raise an additional $30 million. The post-offering equity value of the company is expected to be about $1.80 billion.
The company will offer the GDRs in the U.S. and in offshore transactions outside the U.S. Five GDRs represent an interest in one ordinary share.
In the offer, joint bookrunners have been granted an over-allotment option to purchase up to 3 million additional GDRs at the offer price, exercisable within 30 days of the announcement of the offer price.
Alfa Capital Markets, Credit Suisse and Renaissance Capital are acting as joint bookrunners of the offering.
Ros Agro, which mainly operates in the fields of sugar, meat, agriculture and oil & fats, will use the net proceeds from the offering to expand existing facilities, construct new facilities, finance potential acquisitions such as agricultural land, and for general corporate purposes.
Subject to conditions, dealing in the GDRs on the London Stock Exchange is expected to begin on April 8. The GDRs will be admitted to the official list of the UK Listing Authority and for unconditional dealing on the London Stock Exchange main market on April 13, under the symbol "AGRO".
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.