ST. PETERSBURG, November 2 (RIA Novosti-Northwest, Maxim Nichiporenko) - The evaluation of state-owned Russian oil major Rosneft's assets will be complete by December, the head of the Federal Agency for the Management of Federal Property said Wednesday.
Valery Nazarov told journalists that Rosneft assets would be valued at around $50-58 billion, and an initial public offering was not expected before June 2006.
Economic Development and Trade Minister German Gref had previously said the Russian government was preparing for an IPO on the London Stock Exchange.
Rosneft had earlier said a banking consortium including ABN Amro Bank, Drezdner Kleinwort Wasserstein, JP Morgan, and Morgan Stanley had provided Rosneft and its holding company Rosneftegaz with a $7.5 billion loan, and would organize the company's IPO.
