Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Gazprom Priced

LONDON () -- Shares in Russia's RAO Gazprom are worth between $1.28 and $1.58, depending on the level of "Russia discount" and company risk applied, according to a report from the head of the MC Securities research department.

"Gazprom is perhaps the largest gas company and one of the largest energy companies in the world. It offers a unique opportunity for investors in both the Russian and European energy sector," Stephen O'Sullivan said in the 168-page report. Gazprom is undertaking an American Depositary Receipt issue, which has been indicated at a price equivalent to $1.40 to $1.60 per underlying share.