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Prokhorov's Intergeo eyes Canada placement-paper

Published 04/05/2011, 12:51 AM
Updated 04/05/2011, 12:56 AM
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MOSCOW, April 5 (Reuters) - Copper and nickel miner Intergeo, owned by Russian tycoon Mikhail Prokhorov, is planning to offer investors up to 10 percent of its shares via a Canadian private placement, the Vedomosti business daily reported on Tuesday.

Intergeo, which Prokhorov has previously said is worth at least $3 billion, is considering various options including a reverse takeover, its president, Maxim Finskiy, told Vedomosti.

The Toronto placement is planned for the end of this year, he added.

Russian companies are lining up to tap global capital markets, although several were forced to cancel IPO plans earlier this year after jitters in global risk appetite. (Writing by Toni Vorobyova; Editing by Matt Driskill)

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