State-owned Russian power supplier Gazprom has reportedly selected two of its closest advisory banks to run the stock market listing of its petrochemicals business, which is expected to complete in three months' time.

Russian news agency Interfax reports that Deutsche Bank and Morgan Stanley, which have been arranging Gazprom's multi-billion financing for its expected purchase over the next two months of assets belonging to bankrupt Russian oil company Yukos, are set to lead the flotation of petrochemicals unit Sibur.