“Gazprom” will buy 3.6% of its shares from Vnesheconombank (VEB) is about 130 billion rubles, said the Chairman of “Gazprom” Andrei Kruglov, “Interfax”. The company expects to complete the deal before the end of July. This package cost on the Moscow exchange RUB 119.6 billion At 13.00 GMT the company’s shares rose by 0.75%
“Gazprom” has no plans to repay this package and can use it as a financial instrument, for example, be placed in Hong Kong, said volume Manager.
“We could not allow such a large amount of stock will be released simultaneously to the market,” — said Kruglov. He explained, in the assessment package using the price over a certain time period before the transaction and the factor agreed between the parties.
May 20, “Kommersant” reported that “Gazprom” will redeem VEB all of 3.6% of its shares. We are talking about the sale of 2.7%, which VEB had acquired in the form of American Depositary receipts (ADR), the German E. ON in 2010, as well as 0,892% in the form of ordinary shares purchased in 2007. The edition informed that they will get four associated with “Gazprom” company.
23 June it became known that VEB’s Supervisory Board approved the sale of the ADR of Gazprom (2.7% stake). But the buyer is not called. The Minister of economic development Alexei Ulyukayev said that Gazprom is not the only contender for the redemption of their ADR VEB. However, the source of RBC in the government and two sources close to VEB told that to buy the Bank’s share in “Gazprom” can itself “Gazprom” or the associated company. Such a move, according to analysts, will help the Bank to solve the financial problems. The government source clarified that if the deal falls through, the second buyer can become “Rosneftegaz”.