Russian gas giant OAO Gazprom (GAZP.RS) said Tuesday it wants to list its shares on the Moscow Exchange (MOSX.RS) to increase its appeal to shareholders.
Russian gas giant OAO Gazprom (GAZP.RS) said Tuesday it wants to list
its shares on the Moscow Exchange (MOSX.RS) to increase its appeal to
shareholders.
Shares in state-controlled Gazprom account for a large part of the turnover of
the Moscow Exchange, where they trade unlisted. Gazprom said in a statement it
is in the process of listing on the exchange, which "will remove
restrictions on Russian institutional investors--pension and investment funds,
insurance organizations--acquiring shares in the company."
"This will raise trust in OAO Gazprom securities and allow the share of
Russian financial structures among the companies' investors to increase,"
Gazprom said.
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