9 Oct 2018 12:23

Transneft board discusses preferred shares buyback, other measures to raise market cap - RDIF chief

MOSCOW. Oct 9 (Interfax) - The Transneft board of directors at a meeting on Monday discussed the possibility of buying back preferred shares and other measures to raise the company's capitalization, board member Kirill Dmitriev, who is the head of the Russian Direct Investment Fund (RDIF), told reporters.

Transneft preferred shares were up 1.8% to 168,500 rubles per share in trading on the Moscow Exchange on this news.