OAO Gazprom, the natural-gas export monopoly, is in talks to list its shares with Singapore Exchange Ltd. (SGX), the Russian company’s spokesman said.
Gazprom is preparing documents for the listing, which may happen as early as July, Sergei Kupriyanov said by phone today. The company wants its depositary receipts to trade round the clock and aims to boost the liquidity of its stock with the listing, the Interfax news service reported today, citing a Gazprom executive it didn’t identify. As much as 7 percent of its shares will trade on the Asian bourse, Interfax said. Bloomberg
Moscow-listed Gazprom has a market capitalisation of around US$95bn.
Although a Singapore listing will be a first for a ...
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