Russia's second biggest vodka producer Synergy (SYNG.MM) raised $297 million via the placing of 6.75 million shares, the company said in a statement on Saturday. The company has in the past said it planned to raise cash to reduce its debt and was also seeking to build up a war chest for potential merger and acquisition deals. "The company is not planning to attract investments via an additional share placement within two subsequent years," it said in the statement. The placing of shares was held on the open market in Moscow from February 1 to March 4.
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