UPDATE 1-Russia's Russneft shareholder to float up to 20 pct of shares in IPO

MOSCOW, Nov 14 (Reuters) - Russian tycoon Mikhail Gutseriyev and his family plan to float up to 20 percent of ordinary shares in mid-sized oil company Russneft in an initial public offering (IPO) by the end of 2016, Russneft said on Monday.

from Reuters: New Issues News http://ift.tt/2fqClYT