The Russian government will begin its roadshow for the 5.9% stake in OAO Lukoil on July 24th and it will last through July 29th. The roadshow will take place in London , New York and Boston . Derivatives will be placed on the London Stock Exchange on July 31st. Morgan Stanley is the underwriter.
At current market values, the stake would be worth just under $780 million. As of June 1st, the government held a total of 7.6% in Lukoil via the State Property Ministry and the Russian Fund for Federal Property.
Russia has left the list of 33 largest holders of US government bonds, after the country disposed of at least a third of remaining bonds