Moscow to create Rosneft stock as “people’s shares”

Moscow to create Rosneft stock as “people’s shares”


Moscow last Tuesday announced a lowering of the purchase minimum for stocks in soon-to-be-floated state oil giant Rosneft in a bid to encourage small investors to buy “people’s shares.” The planned minimum for Rosneft share purchases has been lowered to 20,000 roubles (590 Euro), the Moscow economics newspaper Wedomosti reported last Tuesday. The initial public offering, which Rosneft hopes will raise about USD 10 billion, is likely to be also a test both of the emergence of a new share-owning c...


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