Moscow-based Sistema-Hals has announced it raised EUR 311 mln in its initial public offering by selling 1.85 mln shares at EUR 168 ($214) each. Sistema-Hals is a real estate owner, developer and manager that focuses on class A and B offices, high-end housing, cottages and land development in the Moscow region. The company was established in 1992 by Vladimir Yevtushenkov's Sistema Corporation, the largest private sector consumer services company in Russia and the CIS. Yevtushenkov was ranked by Forbes Magazine this year as the 93rd richest person in the world.
Moscow-based Sistema-Hals has announced it raised EUR 311 mln in its initial public offering by selling 1.85 mln shares at EUR 168 ($214) each. Sistema-Hals is a real estate owner, developer and manager that focuses on class A and B offices, high-end housing, cottages and land development in the Moscow region. The company was established in 1992 by Vladimir Yevtushenkov's Sistema Corporation, the largest private sector consumer services company in Russia and the CIS. Yevtushenkov was ranked by Forbes Magazine this year as the 93rd richest person in the world.
