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Ukraine’s UMH Raises $45 Million Via IPO For Online Media Goal

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Ukrainian multi-media group United Media Holding (UMH) has floated 15 percent of the company in Frankfurt for $45 million, valuing it at $300 million, and plans to use the proceeds to invest in new media companies in Russia and the Ukraine. So far, UMH claims five percent of the Ukrainian online audience and operates, journalism portal High Way, news portals and, business news site and Kiev guide It’s aiming to become the country’s third-placed portal operator. Release and Quintura.