A sale of shares in Sibneft, Russia's fifth biggest oil company, by UBS Warburg shows that activity is continuing in Russia's equity capital markets.

Sibneft sold a 1.26% stake, or about 60 million shares, up from the 50 million originally planned. The sale raised about $127m (€137m), with the shares selling at $2.17 each.

Russian equity activity continues with Sibneft sale

Kit Dawnay

Sibneft

Morgan Stanley

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