Stock analysts agree with Fedun. Lev Snykov from NIKoil explains that market capitalization of LUKoil amounts to about $21 billion. Hence, the price of a 7.59% stake reaches $1.6 million. Snykov presumes that the stake will be sold for a sum close to this figure.
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State's Stake in Lukoil to be Sold
Privatization deal may be one of the most important transactions of 2004...
Sale of the state-owned 7.59% stake in LUKoil should be one of the most important privatization deals of 2004. The selling price is may exceed $1.5 billion and no scandals are expected as the stake will most likely be openly sold on international stock markets.
On January 14, Vice President of LUKoil Leonid Fedun said that company's management expects that the last state-owned stake will be sold in 2004.
Stock analysts agree with Fedun. Lev Snykov from NIKoil explains that market capitalization of LUKoil amounts to about $21 billion. Hence, the price of a 7.59% stake reaches $1.6 million. Snykov presumes that the stake will be sold for a sum close to this figure.
All experts agree with the opinion of Fedun that the current market situation is very favorable and enables the state to sell the stake at the maximum price.
Stock analysts agree with Fedun. Lev Snykov from NIKoil explains that market capitalization of LUKoil amounts to about $21 billion. Hence, the price of a 7.59% stake reaches $1.6 million. Snykov presumes that the stake will be sold for a sum close to this figure.
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