Russia’s MD Medical Nets $311M in London Float

Russian private healthcare company MD Medical Group's London share listing made a smooth start on Friday, Reuters reported. The health clinc and hospital operator said it expected the sale of new and existing shares to raise $311 million, assuming an over-allotment option was taken up, and put its market capitalisation at around $900 million. Russia's state-backed private equity fund RDIF, funds of asset manager BlackRock, private equity firm Siguler Guff's Russia Partners, and others spent $50 million in the share offer, Reuters wrote.

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