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ING strengthens Russian franchise

ING Investment Banking is advising Russia's Pharmacy Chain 36.6 on options for a capital raising, after leading the flotation of Wimm-Bill-Dann Foods, a Russian juices and dairy products manufacturer, in February.

The Wimm-Bill-Dann offer was the first initial public offering from a Russian company in 18 months. ING was global coordinator and bookrunner of the IPO, as Wimm-Bill-Dann became the first Russian consumer goods company to list on the New York Stock Exchange (NYSE). The offer raised $238m (€276m).

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