Oil Giants' Interest Points to Strong Start for Rosneft Listing

Summary

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ONE of the most controversial major listings in the history of the London Stock Exchange is set to get off to a strong start after oil giants around the globe piled in to take strategic stakes in Russia's flagship energy company Rosneft.

State-controlled Rosneft has indicated it expects its flotation next week to be priced at a minimum of $7.15 a share. That will put the amount of money Rosneft is raising at as much as $11 billion (Pounds 6 billion) and give the oil giant a market capitalisation of up to $80 billion.

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Oil Giants' Interest Points to Strong Start for Rosneft Listing

While institutional support for the float has been pa...

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