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. Last Updated: 07/27/2016

Fleming to Offer Shares on July 11

Fleming Family & Partners, a British-based private investment house, has announced further details of its plan to raise $300 million by selling shares in its Russian real estate unit.

FF&P Russia Real Estate Development is offering 30 million shares at $10 each, the company said. The shares will be listed on the London Stock Exchange and begin trading on July 11. Deutsche Bank will manage the sale.

The company will focus "primarily on developments in the office, industrial and retail sectors and will seek to exploit the market opportunity represented by unsatisfied demand for high-quality real estate in Russia,'' it said in a statement.

"The company is initially targeting large-scale, multi-phase development opportunities in Moscow, the Moscow region and other major Russian cities.''

Raven Russia has raised $850 million over the past year in share sales to buy property in Moscow and St. Petersburg.