"Gazprom" company intends to start new ADR program at the rate of 40% from authorized capital stock in first quarter or first half of 2006.
It is supposed that stock auctions at MICEX can start in January. This was informed by representatives of gas monopoly during TV-conference for investors.
"Gazprom" expects that Vladimir Putin will sign all necessary documents for stock market liberalization, which will lead to cancellation of 20% quota for foreigners and liberalization of stock circulation at interior market.
At present moment "Gazprom" stocks are sold at St. Petersburg, Novosibirsk, Yekaterinburg and Moscow stock exchanges.
sections: Economics, Region News regions: Central region |