Scandoil  

NOVATEK and Gazprom Neft equalize their stakes in SeverEnergia


Published Apr 2, 2014
NOVATEK

The Board of Directors of OAO NOVATEK resolved to approve several transactions, which will enable NOVATEK and OAO Gazprom Neft to equalize their respective equity stakes in the SeverEnergia joint venture.

NOVATEK currently holds 59.8% of the joint venture, with Gazprom Neft holding the remaining 40.2% equity stake. The agreement stipulates that NOVATEK will sell a 9.8% equity stake in SeverEnergia for a cash payment of USD 980 million.

Tags: Gazprom Neft, NOVATEK




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml