Gazprom plans sale of Gazprom NeftТs stake in ASB Geo to Repsol - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Gazprom plans sale of Gazprom NeftТs stake in ASB Geo to Repsol

MOSCOW, May 22 (PRIME) -- Russian gas giant Gazprom plans to sell Gazprom NeftТs 49.99% stake in oilfield servicing company ASB Geo to SpainТs Repsol, the owner of the remaining 50.01%, as seen by PRIME in a statement of Gazprom on Friday.

УTo define that disposition of Gazprom NeftТs stake in the shareholder equity of ASB Geo in favor of Repsol Exploracion, S.A. at a price of 1 ruble does not require approval of the board of directors of Gazprom if conditions listed in the addendum to this decision are met,Ф the statement read.

GazpromТs board of directors made the decision on Wednesday.

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22.05.2020 09:50