Seeking Alpha

Gazprom stops courting U.S. investors after Crimea crisis

  • Gazprom (OGZPY) reportedly will stop marketing to U.S. and European investors after the Crimea crisis and work to increase bond and shareholders from the Middle East, Latin America and Asia, especially China.
  • Senior managers at Russia’s gas-export monopoly told investor relations staff to find more shareholders in Asia and other emerging markets after completing investor meetings last month in New York and London, Bloomberg reports.
  • U.S. investors own ~10% of Gazprom shares through ADRs, making them the largest investors after the Russian state, which holds 50%.
Comments (4)
  • TheJollyGreenMan
    , contributor
    Comments (74) | Send Message
     
    I cannot buy Gazprom shares in my UK ISA share account. Why?
    5 Apr, 09:25 AM Reply Like
  • King Rat
    , contributor
    Comments (724) | Send Message
     
    Gazprom is not listed on international exchanges. You have to buy it "OTC".
    To: TheJollyGreenMan
    See if your ISA account allows you to buy OTC shares on the exchange you are allowed to invest on.

     

    To cabesa: as Gazprom trades OTC in the US, it is already "unlisted" so cannot be "delisted". Even if the stock was for some reason forbidden to trade in the US, the price in Europe may fall temporarily, but the bank underwriting the ADR in the US would probably be forced to pay US investors for their shares.

     

    Russia has a history of jailing CEOs who do not fall in line with the single party system. If the Russian government makes CEOs of native corporations fear for their safety, please do not think the same government would blink or think twice about liquidating some foreigner's shares either. Russian government so far in the 21st century has been one of very few democratic nations more corrupt than Argentina.
    7 Apr, 12:56 AM Reply Like
  • TheJollyGreenMan
    , contributor
    Comments (74) | Send Message
     
    I cannot get the OTC GAZPROM shares in my ISA. There are new ISA rules coming into force in June this year, I'll try later. In the meantime I increased my BP holdings, as it also gives me exposure to Russia.
    7 Apr, 01:17 PM Reply Like
  • cabesa
    , contributor
    Comments (9) | Send Message
     
    Hope it want be delisted from US mkt, that would kill the stock, 10% owned by US investors via ADR
    6 Apr, 06:25 AM Reply Like
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