Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1682
    +0.0025 (+0.22%)
     

  • GBP/USD

    1.2497
    -0.0014 (-0.11%)
     

  • Bitcoin GBP

    51,260.92
    -486.86 (-0.94%)
     

  • CMC Crypto 200

    1,332.51
    -64.03 (-4.58%)
     

  • S&P 500

    5,109.31
    +60.89 (+1.21%)
     

  • DOW

    38,322.74
    +236.94 (+0.62%)
     

  • CRUDE OIL

    83.92
    +0.35 (+0.42%)
     

  • GOLD FUTURES

    2,349.80
    +7.30 (+0.31%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Russia's Russneft valued at 33.5-223 bln rbls for IPO by two banks - sources

Reuters - UK Focus

MOSCOW, Nov 15 (Reuters) - Russneft, a Russian mid-sized oil producer, was valued at between 33.5 billion roubles and 223 billion roubles ($514.28 million-$3.42 billion) by two banks arranging its initial public offering, three banking sources told Reuters.

VTB Capital valued Russneft at 33.5-202.1 billion roubles and Aton at 145-223 billion roubles, sources said. A Russneft spokesman could not be reached for immediate comment.

Sberbank CIB and BCS are also arranging the Russneft IPO.

The road show is planned for Nov. 18, and pricing is scheduled for Nov. 25. The Gutseriyev family, the majority owner of Russneft, plans to offer up to 15 percent of the firm's share capital during the IPO.

Glencore (Xetra: A1JAGV - news) holds a 25 percent stake in Russneft. ($1 = 65.1400 roubles) (Reporting by Oksana Kobzeva and Olga Popova; Writing by Katya Golubkova; Editing by Alexander Winning)