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Thursday, June 08, 2006

Rosneft's tentative IPO date announced

RBC, 07.06.2006, Moscow 13:19:19.Rosneft's IPO will be held in mid-July, Director of the National Depository Center Nikolai Yegorov told journalists today, adding that shares would be floated simultaneously on MICEX and the LSE. The company has set up an issuer account with Sberbank, while the National Depository Center, MICEX' current depository institution, has a custodial account at Sberbank to carry out settlements in connection with the IPO, Yegorov explained. Announcing the tentative timeframe for the floatation, he stressed that it was all that could be disclosed at the moment. The road show for Rosneft's IPO begins on June 26.

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