Russia’s top poultry Prioskolie firm to test market appetite with $300 million share sale

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Russia’s biggest poultry producer, plans to sell shares worth more than $300 million in a move that could test any effect on investors’ appetite for Russian assets by the latest diplomatic spat between Moscow and the West.

The company, also Russia’s second-biggest producer of pork, is joining a line-up of Russian firms seeking to raise capital on equity markets amid a bout of expulsions of diplomats following the poisoning of a former Russian spy in Britain.

The United States also last month slapped sanctions on Russian individuals and entities for election meddling and cyber attacks.