Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Total Increases its Stake in Novatek to 14.09%
10.12.2011 12:43
Total Increases its Stake in Novatek to 14.09%

French company Total, one of the largest European oil and gas concerns, has acquired 2% interest in Russian company Novatek, the largest independent gas producer in Russia. The sum of the deal made up $ 800 million. This let Total to increase its stake in Novatek to 14.09% , says the official press-release of the French company.

Total first claimed about its intention to acquire Novatek shares in March 2011. The French has acquired about 12 % since that time. And now the company has raised its shares in Russian gas producer up to 14.09%.

A Novatek share at MICEX (Moscow Interbank Currency Exchange) costs 393 Rubles. The company capitalization makes up about 1.2 bn Rubles (about $ 38 bn).  So 2% shares of Novatek are estimated in the market a bit less than $ 800 million, paid by Total.

The French company started to work in Russia in 1991, it was developing Kharyaginskoye field. It is also a Gazprom partner in Shtokman field and Kazmunaygas partner in the Khvalynskoye field in the Caspian Sea.








Author: Irina Fomina

Tags: gas     

Next Previous

You might also find interesting:

Economic Ministry: Rouble Is Overestimated
Anton Siluanov Gave Comments On Moody's Forecasts
Farm Renaissance Is Seen In Russia
German Gref Talked On Russian Rouble
Tax On Google Came Into Force

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Russian Week in France  Internet in Russia  international cooperation  poll  Exhibitions in Moscow  Alexei Fatyanov  ASNARO  Kirov  Russian International  Lopukhinsky garden  Archeology  Segezha  Russian political parties  Miss Russia 2013  Strelka  Natalia Vodianova  Mercedes-Benz Fashion Week Russia  Intelligent Transportation System  Russian business  Russian ballet dancers  Valentina Matvienko  Moscow actions  Chernye Zemli  Russian Cinema  Russian naval forces  Russian companies  Russian trains  World Legends  Painting  Russian Literature  Russian religion  Kamchatka  Irkutsk Region  Russian history  sanctions  Illiteracy  microscopy  Architecture Monuments  Vuchetich  Russian tourism  Archaeology  Gogol   Folk Arts  Heroism   protest actions  Moscow  Contemporary Arts  Water Colors  Winter Palace  Museum of Naive Art 

Travel Blogs
Top Traveling Sites