Thursday, September 15, 2005
Rosneft IPO Delay?
Economic Development and Trade Minister German Gref on Wednesday signaled a possible delay in state oil firm Rosneft's planned London flotation, saying it may happen at the end of 2006 at the earliest.
Officials had previously said the initial public offering would take place by the end of 2006. But Gref told reporters: "If it [the IPO] happens, it will happen at the end of 2006 at the earliest."
Gref said the government was waiting for a fresh valuation of Rosneft due in by October. (Reuters)
Officials had previously said the initial public offering would take place by the end of 2006. But Gref told reporters: "If it [the IPO] happens, it will happen at the end of 2006 at the earliest."
Gref said the government was waiting for a fresh valuation of Rosneft due in by October. (Reuters)
