Tuesday, May 02, 2006
Rosneft IPO: JP Morgan appointed bank-depositary - report
Rosneft IPO: JP Morgan appointed bank-depositary - report
Story
Rosneft, the Russian federal oil firm, last week appointed JP Morgan as the company's bank-depositary for the upcoming IPO, reported Vedomosti. The report, cited information from a source familiar with Rosneft’s plans and a source close to the bank. According to Rosneft’s estimates at the end of last year, the sale of up to 30% stake could gain about USD 20bn. Rosneft, belonging to the federal vehicle Rosneftegaz, will IPO in London and on Russian stock exchanges, Vedomosti noted. Vedomosti recalled that for IPO abroad, Rosneft has appointed the following banks: Morgan Stanley, J. P. Morgan, ABN Amro, DRKW and Citigroup. Rosneft has also chosen Russian banks that will handle the company’s IPO in Russia. The banks, led by Sberbank, will include: Gazprombank, Uralsib, Troika Dialog, Renaissance Capital, Deutsche UFG and Aton.
Source
Vedomosti
Value
USD 20,000m (Estimate gains from sale of up to 30% stake in Rosneft)
Story
Rosneft, the Russian federal oil firm, last week appointed JP Morgan as the company's bank-depositary for the upcoming IPO, reported Vedomosti. The report, cited information from a source familiar with Rosneft’s plans and a source close to the bank. According to Rosneft’s estimates at the end of last year, the sale of up to 30% stake could gain about USD 20bn. Rosneft, belonging to the federal vehicle Rosneftegaz, will IPO in London and on Russian stock exchanges, Vedomosti noted. Vedomosti recalled that for IPO abroad, Rosneft has appointed the following banks: Morgan Stanley, J. P. Morgan, ABN Amro, DRKW and Citigroup. Rosneft has also chosen Russian banks that will handle the company’s IPO in Russia. The banks, led by Sberbank, will include: Gazprombank, Uralsib, Troika Dialog, Renaissance Capital, Deutsche UFG and Aton.
Source
Vedomosti
Value
USD 20,000m (Estimate gains from sale of up to 30% stake in Rosneft)
