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. Last Updated: 07/27/2016

Gazprom Details Soon

MOSCOW () -- Natural gas monopoly Gazprom will officially announce details of its share placement on foreign markets Oct. 3, Interfax reported Tuesday.

An unidentified source told the agency the starting price would be higher than the $1.25 a share quoted in recent media reports.

The placement is expected to be a small slice of a 9-percent bloc of the company allocated for foreign investors, to be offered through American Depositary Receipts.