» 06 June 2005
Dresdner Kleinwort Benson have valued the 10.74% of shares in Gazprom which the Russian Government needs to give it a controlling stake at $10.2-11.5 bn while, if valued on the basis of the Gazprom share price in Russia, it is $3.94-4.52 bn. Morgan Stanley value the shares at $8.39-9.92 bn.

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