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IPO NewsDecision Taken on Rosneft's Second IPO[26.01.2007 12:29 Msk] IPO–Congress Analysts said the Russian government had made “a decision of principle” to hold “a second IPO” of Rosneft to float up to 25% of shares of the state-owned oil company./Russian Financial Control Monitor / The flotation will almost equal a $24.5-bln loan the company was promised by a syndicate of Western banks late last year for the purchase of assets in Russia and abroad. Analysts also believe that proceeds from the IPO will cover the loan for the purchase of assets oil company Yukos declared bankrupt last summer. Last July, s]Rosneft[/s] held the largest IPO in Russia and the fifth largest in the world. The company seems to have a potential for setting a new record. Experts believe that Rosneft will hold its second IPO at the turn of 2008. |
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