Russia's Renaissance Insurance plans IPO on Moscow Exchange
MOSCOW, Sept 27 (Reuters) - Renaissance Insurance Group plans to list its shares on the Moscow Exchange, raising up to 21 billion roubles ($289.27 million) in an initial public offering (IPO), the company said on Monday.
Renaissance Insurance, which was founded in 1997, also plans a secondary offering of existing ordinary shares by certain shareholders, it said in a statement.
Credit Suisse, J.P. Morgan and VTB Capital are acting as joint global coordinators and joint bookrunners. BCS Global Markets, Renaissance Capital, Sberbank and Tinkoff are acting as joint bookrunners, Renaissance Insurance said. ($1 = 72.5975 roubles) (Reporting by Andrey Ostroukh, editing by Louise Heavens)
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