Segezha Group raises ₽113 billion through additional share issue to reduce debt load

Segezha Group has successfully completed an additional share offering, raising ₽113 billion in equity capital, according to the company’s press service. The largest participants in the placement were its majority shareholder, Sistema PJSFC, along with the Group’s key creditors.

The funds raised will be used to repay Segezha Group’s financial debt, which will be reduced threefold to ₽60 billion. As a result, the company expects to significantly lower interest payments, refocus on business development, and return to operating profitability.

Sistema PJSFC has retained its controlling stake in Segezha Group following the transaction.