Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Rosneft Begins IPO
28.06.2006 14:48
Rosneft Begins IPO

Rosneft kicks off its initial public offering (IPO) with a roadshow in London. The company speaks of strong interest from Asia and valuation of some $60-80bn.
      The Russian oil giant intends to raise up to $11 billion in the dual share sale in London and Moscow. The company has issued a 500-page prospectus featuring benefits and risks for potential shareholders.
      It wants to draw Western investors, in addition to Chinese and Indian corporations, who have already voiced their intention to consider a strategic stake. Meanwhile, the maximum bid is limited to just 2%.
      From here, the company management will travel to Germany, Sweden, the USA and then back to London. Many experts, however, are sceptical about the IPO referring to the company's history. It purchased its main producing asset, Yuganskneftegaz, the former Yukos operating arm, at an auction which many media have dubbed controversial.


Next Previous

You might also find interesting:

A New Technopark will be Constructed in Moscow
The Service for Hiring General Laborers Attracted Investment from Two Business Angels
10 Startups have Become Finalists of the MTS Corporate Accelerator
Potanin Became the Richest Russian Billionaire of the Year According to Bloomberg
Russia Ranked Third in the List of Countries with the Strictest Trade Regulation Rules

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian laws  Russian Wife  Arkhangelsk  Russian resorts  Russian business  Russian International  Irkutsk  Russian startups  Gorky Park  Russian regions  Computers  Russian Cinema  Exhibitions in Moscow  Kaluga  Vladimir Tsigal  Andrei Ryabushkin  Russian travelers  EU sanctions  ROSCOSMOS  Bashneft  Leonid Gaiday  Slavic Idols  Legal Services in Russia  Elections 2012  water transport  Exhibitions in Russia  Russian tourists  Photo-exhibitions  Russia Today  Festival "Now & After"  Festivals in Moscow  Russian Stage Directors  Ukraine  travel to Russia  Astrakhan Region  obituary  gold and currency reserves  Central House of Artist  satellite  St. Petersburg  Maya Plisetskaya  Moscow  Real hypermarkets  Mobeewave  VDNKh  Gregory Maifois  Mercedes-Benz Fashion Week Russia  Wooden Architecture  Russian tourism  Old Churches 

Travel Blogs
Top Traveling Sites