Report: Gazprom may sell 3.7% quasi-treasury stake in Sep–Nov

MOSCOW, Aug 7 (PRIME) -- Russian gas giant Gazprom is considering selling the remaining 3.7% quasi-treasury stake in the company on the open market in September–November, Bloomberg reported on Wednesday quoting two sources familiar with the company’s plans.

Taking into account Gazprom’s Tuesday’s closing price on the Moscow Exchange of 226.76 rubles, the stake costs 198.6 billion rubles.

Gazprom CEO announced plans to monetize a 6.64% quasi-treasury stake in June. In July, Gazprom’s subsidiaries Gazprom Gerosgaz Holdings BV and Rosingaz Limited, registered in the Netherlands and Cyprus, respectively, sold 2.93% in the parent company to an undisclosed buyer at 200.5 rubles apiece, or a total of about 139 billion rubles.

(65.2030 rubles – U.S. $1)

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