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MegaFon added to MSCI

By The Moscow Times

Wireless carrier MegaFon, fresh off a $1.7 billion share offering, was added to MSCI Global Standard and Russia Indices, benchmarked by many large institutional investors, MSCI said Thursday.

The market index provider said in a statement that MegaFon's global depositary receipts would be added to the large-cap segment of the Global Standard Indices effective Dec. 12.

MegaFon priced its London and Moscow offer at the bottom of its guided range Wednesday, which valued it at $11 billion and created a market alternative to established New York-listed Russian peers MTS and VimpelCom. 

(Reuters)

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