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. Last Updated: 07/27/2016

Gazprom Shares Set

MOSCOW -- Fifteen lots of Gazprom stock containing 250,000 shares each will go on sale at a closed auction May 15, the sixth auction of its kind since the gas monopoly announced efforts to form its own secondary market with weekly sales.

The starting price will be 411 rubles (about 8 cents) per share, Interfax reported. Previous auctions sold 17.75 million shares totalling 7.69 billion rubles.

The auction is organized by the Federal Stock Corporation, which specializes in the sale of major corporations at closed auctions.

The Vladivostock International Stock Exchange also auctions Gazprom shares.