Sept 12 Russian billionaire Vladimir Evtushenkov
is planning a London listing of Bashneft, a mid-sized
oil producer that he controls through his oil-to-telecoms
conglomerate Sistema , Sky News reported.
The broadcaster said Bashneft had been holding meetings with
investment banks to discuss the move, which would aim to raise
up to $1 billion from sales of global depositary receipts in the
coming months. (link.reuters.com/waw92v)
No final decision has been made about the listing, Sky said
on its website, citing sources.
Bashneft, which produced 15.4 million tonnes of oil in 2012,
could not be reached for comment late on Thursday.
Evtushenkov is worth $6.7 billion, according to Forbes
magazine, making him the twenty-second richest person in Russia.
(Reporting by Richa Naidu in Bangalore; Editing by Anthony