RussNeft narrows range on $500m IPO towards top end

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RussNeft narrows range on $500m IPO towards top end

RussNeft nodding donkey 230x150

RussNeft, the Russian oil company controlled by Mikhail Gutseriev, looks set to complete its IPO on Friday, after the bookbuild reached its end on Thursday afternoon, at a valuation of at least $2.5bn.

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