Galnaftogaz Might Sell Minority Stake Before IPO
25 June 2008
The news agency Merger Markets, cited an unnamed sourced close to Galnaftogaz (GLNG: HOLD) as saying the company might sell a minority stake (10-29%) prior to listing in 2008. The stake might be sold to investors through a private placement. Citi Bank was said to be advisor for the deal. Galnaftogaz previously announced plans to hold an IPO in 2008.
