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Royal Dutch Shell Plc .com: ROSNEFT IPO

FROM THE FINANCIAL TIMES
Published: July 6 2006 03:00 | Last updated: July 6 2006 03:00

*Aims to raise $10bn (£5.4bn) to $11.7bn in London and Moscow listings. At least a third of the offering in Moscow

*Shares priced at $5.85 to $7.85 a share, valuing company at between $60bn and $80bn

*IPO to be the largest from Russia and the biggest in London this year. In London, it will be listed through Global Depository Receipts

*Rosneft will have the second- largest proved reserves of any listed company

*Part of the money raised will be used to repay $7.5bn of debt that Rosneftegaz, the state entity that owns Rosneft, raised to buy 10.7 per cent of Gazprom

*Potential strategic investors that may take sizeable stakes in the IPO are BP, Shell, China National Petroleum Corp and Petronas, Malaysia’s state oil company. Others that may consider investing are: Temasek, Singapore’s state investment agency, Sinopec, another large Chinese oil company, and ONGC, India’s largest oil company

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