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Home » UPDATE 1-Russia’s Transneft board to discuss share split this month – Ifx

UPDATE 1-Russia’s Transneft board to discuss share split this month – Ifx

    Russian oil pipeline monopoly Transneft plans a share split by a 100 to 1 ratio to boost liquidity, while the board may consider the proposal already this month, Interfax news agency quoted a board member as saying on Friday. The share split has long been mulled by the company. Transneft's shares rose by almost 3% on the news to 136,800 roubles ($1,423).

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