Russia's Gazprom lists on Singapore stock exchange

Source: Reuters

(Reuters) - Russia's top natural gas producer Gazprom listed on the Singapore stock exchange on Tuesday, giving it greater access to Asian investors in the wake of a multibillion-dollar gas supply deal with China.

The state-controlled company said in a regulatory filing that its American Depositary Receipts (ADRs), which are already listed on the London Stock Exchange , had been admitted for trading on the Singapore exchange.

"This is just an expansion of trading platforms, an increase in accessibility of the stock for local investors. There is no placement (of new shares)," a spokesman for Gazprom said.

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The Singapore exchange said it saw Gazprom's introductory listing as important in cementing business ties between Moscow and Asia.

Read more: http://www.reuters.com/article/2014/06/17/russia-gazprom-singapore-exchange-idUSL5N0OY2E020140617