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- [24.08.2007 14:16 Msk] The Moscow NewsYears 2005-2007 are likely to go down in market history as the years of Russian IPO boom. Over the last few years initial placement offers were held by such giants as state-controlled Rosneft Oil Company, state-owned VTB, the top savings bank Sberbank and a slew of other smaller firms. But it looks like the time of easy money for state-controlled companies is over. More >>
- [21.08.2007 11:48 Msk] КоммерсантЪThe last assets of YUKOS were sold last week to finish several months of sales of what was once Russia's largest oil producer. Bankruptcy procedures for the company are to be over by November when it will be liquidated. It took roughly four years to wind up one of Russia's biggest oil holdings. Mikhail Khodorkovsky's empire was virtually handed over to state-run Rosneft. The state-controlled oil firm, which used to be a mediocre player in the YUKOS golden age, has snapped up most of its production units and refineries at knockdown prices to become the leader of the Russian market, in terms of capitalization, production, refining, the size of oil reserves and even the number of gas stations in the country. Rosneft now aspires to become a world leader, something that YUKOS was also aiming at. More >>
- [21.08.2007 11:12 Msk] BloombergRosneft may fall after oil prices declined. Polyus Gold may rise after gold prices rose in New York on speculation that rebounding equities will boost investment demand in precious metals. VTB bank said it had no exposure to U.S. subprime ABS or any CDO exposure. More >>
- [08.08.2007 12:04 Msk] WPSOn July 30, the Bank of Russia published a review on advanced redemption of mortgage housing credits. The primary market of mortgage credits was increasing at the same pace: the number of mortgage credits granted by banks increased 4.4 times and reached 234 billion rubles. A rapid rise of mortgage lending in 2006 was supported by profit institutions refinancing mortgage credits which asserted themselves as the largest operators on the secondary market. More >>
- [08.08.2007 11:41 Msk] ВедомостиAnalysts at the Bank of Moscow think that because of lagging behind other markets, Russian shares are underestimated. The Russian market in second six months will grow at a priority pace because of fewer IPO, the economic growth, and political transparency, Citigroup analysts maintain. More >>
- [13.07.2007 11:40 Msk] IPO КонгрессCapturing two of Russia's biggest flotations of this year has helped the London Stock Exchange (LSE) to more than double the value of the initial public offerings handled by it during the past quarter. More >>
- [04.07.2007 14:24 Msk] The Wall Street JournalIf there were any doubt about Europe's standing on the scene for initial public offerings before the year began, the first-half numbers laid bare the continent's position as a growing and increasingly attractive home for companies looking to go public. More >>
- [04.07.2007 14:21 Msk] Daily mail'It's cheaper to do them (IPOs) here, regulations are less complicated and strenuous, and they argue there's a bigger international investor base here than in the US.' More >>
- [21.02.2007 17:01 Msk] IPO-CongressThe book will close on Tuesday on Sberbank's share sale, ending a 20-day rollercoaster ride that has been marked by PR fumbles, state interference and widespread investor confusion. More >>
- [07.02.2007 15:12 Msk] IPO-CongressAndrei Kostin said that his bank planned to hold an initial public offering in Russia and London in May this year. Mr Kostin says that 22-23% of VTB is likely to be sold during the offering, which should raise Rb120bn (US$4.6bn) More >>
