Tuesday 17 June 2014

Gazprom Lists Shares in Singapore | News | The Moscow Times

Gazprom Lists Shares in Singapore | News | The Moscow Times:



"Russia's top natural gas producer, Gazprom, listed on the Singapore stock exchange Tuesday, giving it greater access to Asian investors in the wake of a multibillion-dollar gas supply deal with China.



The state-controlled company said in a regulatory filing that its American Depositary Receipts, or ADRs, which are already listed on the London Stock Exchange, had been admitted for trading on the Singapore exchange.



"This is just an expansion of trading platforms, an increase in accessibility of the stock for local investors. There is no placement [of new shares]," a spokesman for Gazprom said."



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