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UBS wins third Russian IPO in a week

UBS has won its third mandate to lead the London listing of a Russian company in a week after it scooped a role on the listing of Uralkaly, the country's largest fertiliser manufacturer.

The bookrunner role for Uralkaly's initial public offering, which could raise up to $1.1bn (€857m), adds to the mandate UBS picked up days earlier for the flotation of Sual, Russia's second largest aluminium producer.

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