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.

      


      

www.total.com


      


      

 


      


      

 


      

www.lenta.ru


Author: Irina Fomina

Tags: gas     

Next Previous


You might also find interesting:

China-Russia Trade to Reach $100BN - FM
09.03.2015
Crimea-Krasnodar Cableway Project
25.12.2014
Norilsk Nickel Upgrades Talnakh Concentrator
23.01.2015
Russian Government to Lower Tax Obligations for Regional Companies
28.01.2015
A Plant For Production Of Polyethylene Terephthalate Will Be Construted In Vichuga
20.04.2015



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Moscow elections 2013  Mega-regulator  Moscow fairs  Irina Starykh  Christmas  Russian politics  Paleontology  Exhibitions in Moscow  Power Museums  Russian Rock Music  Dagestan  Photography  Russia-Canada  Russian history  Painting  Tara  Khabarovsk  perinatal center  Sergei Udaltsov  Moscow  St. Sergius of Radonezh  Museums of St. Petersburg  Sparrow Hills  Fine Arts  Tchaikovsky Competition  Nizhny Novgorod  Russian business  Russian Literature  Aurora cruiser  Greenpeace  plane crash  Russian Cinema  Moscow Zoo  New Year  Giles Deacon  migrants  Alexander Lebedev  Opposition  incident  All-Russia Science Festival  Russian tourism  Vyacheslav Zaitsev  Archeology  Russian government  global reports  Olympic Games 2012  Planetarium  Vladimir Vysotsky  blasphemy law  Space Exploration 


Travel Blogs
Top Traveling Sites