Private equity firm Aurora Russia shareholders have agreed in principle to sell off the group’s assets over a period of two years. Additionally, if share prices drop to 20 percent of the Net Asset Value (NAV), then the company will also consider winding down its operations. The company has also decided not to make new investments unless share prices reach the NAV level, which is currently at 83.6p per share. The company posted a net loss of 6 mn pounds for the fiscal 2010.
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19/10/2011
Central & Eastern Europe, Financial Services, Private Equity News, Rumors & Speculation, Russia