Dairy and juice giant Wimm-Bill-Dann revealed today [Friday] that it has raised US$134m from its placement of American Depositary Shares (ADS) on the New York Stock Exchange (NYSE). This equates to US$19.5 per ADS.

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The placement is coordinated by ING Barings Ltd.


A company official told Prime-TASS that Wimm-Bill-Dann is planning to divert the funds from the placement into NPD, and the purchase of new production plants.


As Russia’s largest manufacturer of dairy products and fruit juices, the company controls a 30% share of the domestic dairy products market, and 30% of the Russian juice market.

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