Deal Insider

Gazprom overcomes investors' doubts

Issuer: Gazprom
Amount: $430 million
Launched: October 21, 1996
Global coordinators: Morgan Stanley and Kleinwort Benson


Joint global co-ordinators Morgan Stanley and Kleinwort Benson scored a considerable success last month by leading the largest international equity offering by a Russian company, a $430 million sale of stock in giant gas group Gazprom.

A deal has been in the works for well over two years, with Kleinwort Benson initially retained to advise on the sale of up to 9% of the company’s stock through several transactions.

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