Russian authorities promised that all the obstacles on Gazprom's shares trading will be passed by the end of the year
Russian authorities promised that all the obstacles on Gazprom?s shares trading will be passed by the end of the year.
The gas monopoly expects its capitalization to increase considerably as a result of the decision, because the liberalization of its share market will let Gazprom become a top emerging market blue chip and an upgrade of its Morgan Stanley Capital International?s benchmark emerging markets index.
Dmitry Medvedev, who heads President Vladimir Putin?s administration and is also chairman of Gazprom, said the state had completed all transactions to secure control of the company, a precursor to share trade liberalization.
?It is expected that the process of liberalization will be fully completed by the end of the year,? Medvedev, quoted by the Reuters agency, told the company?s annual shareholders meeting in Moscow.
The meeting began on Friday, June 24, and the Russian authorities promised to complete the acquisition of a controlling stake in Gazprom before the AGM.
