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35

Rosneft Colsed IPO Books

Russian state oil firm Rosneft closed the IPO books both for individuals and institutional investors

Russian state oil firm Rosneft closed the IPO books both for individuals and institutional investors yesterday evening, despite the previous intention to accept the bids of the latter till July 13.

The company decided to place 400 million new stocks in addition to the stocks offered by Rosneftegaz.

The books? closing is scheduled for this evening.

For institutional investors, the decision hasn?t been made yet, said Rosneft spokesman Nikolay Manvelov. The official plan was to close the individual book on July 10 (but it was put off till today), while the institutional investors had the July 13 deadline.