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.

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