Russian vodka producer, Synergy, has raised $297 million through the placement of its shares, Reuters reports. The company placed a total of 6.75 million of shares to reduce its debt and build up a war chest for potential merger and acquisition deals. The share placement was held on the open market in Moscow from February 1 to March 4. Synergy is not seeking to attract investments via an additional share placement within the following two years.

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