PhosAgro Sets an IPO Price Valuing Self at Up to $6.1Bln

Fertilizer producer PhosAgro said Tuesday that it had set an indicative price range of $13 to $16.50 per Global Depositary Receipt for a market debut it hopes will value the company at as much as $6.1 billion. PhosAgro said it was seeking to raise at least $500 million from the London and Moscow initial public offering prior to a 15 percent over-allotment option, confirming what sources […]