Russia's Nitol Solar sets IPO price range

MOSCOW, Jan 31 (Reuters) - Russia's Nitol Solar set an indicative price range for its initial share offering in London at 100-130 pence a share, seeking to raise up to 150 million pounds ($298 million), the firm said on Thursday.

Nitol Solar, part of the privately owned chemicals company Nitol Group, plans to make silicon used in the creation of electricity producing solar panels. (Reporting by Dmitry Zhdannikov; editing by Tanya Mosolova)