VEB to transfer shares of Gazprom for 132 bln roubles until the end of May
Edited by Rhod Mackenzie / 2016-05-20 06:13:34
In the coming 2 weeks VEB might transfer all its 3.6% shares of Gazprom to the monopoly worth 132 bln roubles. The deal is held in the framework of liquidity rise of the bank which is under sanctions.
Gazprom will receive 0.892% of general shares from the bank and another 2.7% in the form of ADR for 132 bln roubles. At the moment of agreement – in late April – the price of the purchased package made up 126.2 bln roubles.
Kommersant reports that 4 companies connected with Gazprom will purchase the shares. Taking into account 2.93% of shares of “Gerogas” (on the balance of Gazprom), Gazprom will collect a 6.53% package of treasury stock of VEB.
