Rus News Journal

The Gazprombank again wants to London

bank is ready to fill up the list of persons included in a waiting list on IPO this year

Gazprombank plans IPO at the London stock exchange this year and already was engaged in searches of the adviser in the transaction, the British newspaper Mail on Sunday has informed on Saturday evening. The bank wanted to offer the actions to the British investors still four years ago and then its papers were estimated twice more expensively, than now.

According to not named source of the edition, the Gazprombank expects to place on LSE 25 % of actions for the sum more than 1 mlrd pounds (approximately 1,6 mlrd dollars at a current rate). Listing will be carried out within several next months. Now the bank looks for the adviser for the forthcoming transaction.

the source asserts that the bank is going to use the means received during primary placing for expansion to strategic areas for itself, such as oil and gas branch and development in the global markets. To receive official acknowledgement of this information yesterday it was not possible.

IPO Gazprombank can please to the Russian officials. So, for example, two weeks ago the agency head on insurance of contributions Alexander Turbanov expressed concern stability of leading Russian banks and offered bankers with a considerable share in the market to deduce on a stock exchange not less than 25 % of actions. Then experts have considered that the idea of head ASV is actual while only for Gazprombank - it unique of the large State Banks which does not bargain in the market.

it is remarkable that the Gazprombank already officially declared intentions to spend IPO at first in 2007 - m, and then in 2008. Investment bankers also were built in turn to participate in the tender for carrying out IPO of bank. Then the bank block package was estimated by analysts in 3,6 mlrd dollars Now appetites of managers, judging by not confirmed information, became twice more modest.

Having carried out long-awaited placing, the Gazprombank can fill up the list of the companies, in which number “ metalloinvest “ “ prof - Mεδθΰ “ and SUEK, conceived foreign placing in the first postcrisis year. And, if it really carries out conceived, it becomes the first Russian bank with listing in London.

Open Society “ Gazprombank “ it is formed in 1990. The basic shareholders of bank are “ Gazprom “ NPF “ Gazfond “ Joint-Stock Company “ the Leader “ and Open Company “ New financial technologies “. As a part of a regional network of the credit organisation of 36 branches and four Russian banks with Gazprombank participation. The net profit on RSBU in 2009 has decreased in 2,3 times in comparison with 2008 and has made 9 mlrd 195 million rbl.

DMITRY KOPTJUBENKO


In Gazprombank think of placing of actions on LSE