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11

Rosneft Detains Its IPO

Rosneft does not plan to sell more shares to the public because it does not need the money

Rosneft does not plan to sell more shares to the public because it does not need the money and has not begun assessing Yukos? assets, Interfax reported Tuesday, citing company CEO Sergei Bogdanchikov.

Talk of a new share sale is premature, and it is not clear why one would be needed, Bogdanchikov told reporters Tuesday.