Rosneft Share Dealings Kick Off Below Offer Price

Evening Standard - London › July 19, 2006

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Summary

RUSSIAN oil giant Rosneft kicked off official share dealings below its offer price today amid fears investors may have overpaid for the controversial market debutant.

The $80 billion (Pounds 43 billion) float got final clearance to start unconditional trading last night when the High Court ruled that the Russian government's expropriation of production assets of another Russian oil group, Yukos, and their subsequent injection into Rosneft was not "state theft".

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Rosneft Share Dealings Kick Off Below Offer Price

Fears over Rosneft's London listing led the Financial Service...

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