OAO Lukoil Holdings (LKOH.RS), Russia’s biggest privately owned oil producer, said Wednesday it is considering a secondary listing on the Hong Kong Stock Exchange.
The company, whose shares are already traded in Moscow and London, is considering a buyback of between $2 billion and $3 billion worth of existing shares to support a Hong Kong listing.
Lukoil said it doesn’t intend to issue new shares in connection with the proposed listing. -By Alexander Kolyandr
Category: Hong Kong