Support The Moscow Times!

MD Order Books Covered

Order books are covered in the $300 million London listing of MD Medical Group, according to three sources close to the deal.

The offering consists of $150 million of global depositary receipts to raise money to fund the expansion of the company's clinic and hospital network plus existing shares being sold by MD Medical Holding.

There is also a 15 percent overallotment option, which could take the total deal size to $343 million, valuing the company at as much as $995 million.

(Reuters)

Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.