Support The Moscow Times!

MegaFon added to MSCI

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)

Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.