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The Russian state may offer markets a further 25% of Russian state-run oil company Rosneft's shares this year, said Valeriy Nazarov, director of Russia's Property Agency. However, analysts doubt that the state's holding company, Rosneftegas, will give up its 75.16% majority holding without a fight.
The Russian Federation would be satisfied with a controlling stake of over 50%, Nazarov was quoted as saying by Russian news agency Interfax. He added that the size and timing of the stake offered would depend on a government decision.
Rosneft raised $10.6 billion last year in Russia's largest ever initial public offering (IPO), selling off about 15% of its …
Source: HighBeam Research, Rosneft Could Be Ripe For Further Equity Issue.