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    Most Rosneft IPO shares to be floated in London - Gref

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    LONDON, May 19 (RIA Novosti) - Most shares in a planned 3Q06 IPO of Rosneft, a state-owned oil company, will be floated on the London Stock Exchange, Russia's economics minister said Friday.

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    LONDON, May 19 (RIA Novosti) - Most shares in a planned 3Q06 IPO of Rosneft, a state-owned oil company, will be floated on the London Stock Exchange, Russia's economics minister said Friday.

    German Gref said the company's board would meet in June to specify the date of the initial public offering, which could be Russia's largest IPO to date.

    He said the value of the IPO would be between $8 billion and $20 bln.

    "Eight billion [dollars] ... is the debt which should be repaid, and the rest will be used for the company's current needs," Gref said.

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