Lukoil considers secondary listing in HK

01-Jun-2012 Intellasia | WSJ | 7:01 AM

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

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