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DUBAI, June 14 (Reuters) - The flotation of Phoenix Power Co
The company sought to raise 56.3 million rials ($146.3 million) by offering a 35 percent stake in an offer open to both local and international investors, which ran until June 8.
ONA said the shares were expected to start trading on Oman's bourse on June 22.
Phoenix Power is a vehicle which owns, maintains and operates the Sur Independent Power Project, which generates 2,000 megawatts of electricity and was officially inaugurated in April.
Prior to the IPO, which was arranged by Bank Muscat
Its offer was the first public share sale in Oman since the flotations last June of power firms Al Suwadi Power Co
(Reporting by Olzhas Auyezov; Editing by David French) ((olzhas.auyezov@thomsonreuters.com; +971 56 225 4871; Reuters Messaging: olzhas.auyezov.thomsonreuters.com@reuters.net))
Keywords: OMAN IPO/PHOENIX POWER