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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