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01.09.2010 Templeton Russia and East European Fund becomes minority shareholder of Kuzbass Fuel Company (KFC)


As by the company reports, the Mark Mobius’ fund acquired 125 thousand of shares with c $.75 m market value.

In May, KFC went IPO placing $163-m-value shares with MICEX and RTS and increasing its authorized capital stock up to 19.85 m roubles. Igor Prokudin’s (KFC, CEO) share comprising 60.9 per cent of the stock (including 56.94 per cent owned via Mizar Management), went down to 48.4 per cent, Laycraft Ltd.’s (owned by Vadim Danilov, KFC, chairman of board of directors) dropped from 28 down to 16.27 per cent, free float rising from 11 up to 35.2 per cent.


Source:   metcoal.ru