Severstal-Avto prices IPO at $15.10/share-sources

Newswire

LONDON, April 22 (Reuters) - Russian holding company Severstal-Avto, which controls off-road vehicle maker UAZ and the Zavolzhsk engine plant , plans to sell its shares at $15.10 each in an initial public offering, market sources said on Friday. This is below the initial marketing range between $15.80 and $17.80. Severstal-Avto's controlling shareholder, Newdeal Investments Ltd, said on April 11 it would offer investors 30 percent of the company's capital, or 8,940,047 shares, at the end ...

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