RussNeft to offer up to 10% on MSE in the framework of IPO

In the framework of the IPO RussNeft might offer up to 10% of shares on the MSE, the head of the company, M. Gutseriev, said.

Only RussNeft will hold the IPO, other assets of Mr. Gutseriev – Neftisa, Forte invest and Global Energy will not participate in the IPO.

RussNeft hasn’t determined the bank which will accompany the offering of shares as yet.

The value of 10% of Russneft Mr. Gutseriev assessed at $400-500 mln, the IPO is planned to be held as soon as possible.

RussNeft was previously reported to hold the IPO on the MSE in Q4 2016.

RussNeft is quite an attractive asset.

RussNeft comprises 10 largest oil companies of Russia.

There are 45 extraction enterprises in its structure, the geography of activity covers 16 regions of Russia, the CIS.

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