Gazprom to buy out GdF's stake in VNG

Nov 27, 2009 01:00 AM

Russian gas export monopoly Gazprom will buy out French utility GdF Suez's 5.26 % stake in eastern German gas group VNG, Gazprom and GdF announced.
A source familiar with the deal estimated GdF's stake was worth EUR 150-EUR 200 mm ($ 224-$ 299 mm).

The two companies also said that they were in talks for GdF to take a 9 % stake in the Nord Stream pipeline under the Baltic Sea.
In buying out the GdF Suez stake in VNG, Gazprom is doubling its stake. It currently holds 5.3 % of VNG.

Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« December 2020 »
December
MoTuWeThFrSaSu
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31

Register to announce Your Event

View All Events