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:

Kalashnikov Revised Plans for Production in US
08.06.2014
Sberbank Recognizes Potential of Bitcoins
13.12.2013
VTB Group Refused To Render Services To The U.S. Customers
16.06.2014
Perekopsky Brothers Claim 40 Million Rubles From Vkontakte
16.06.2014
FGC UES In Transsib Project
12.02.2014



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Nude  Moscow  Vologda  Mars exploration  Vladimir Kovenatsky  NDouassel  Russian business  investment  Russian airlines  Tycoons  international cooperation  sanctions  Pavel Nikonov  Russian energy companies   Lavr Kornilov  Beat Film Festival  Russian chess  St. Petersburg Museums  Lermontov   Varya Panina  Kostroma  All-Russia Exhibition Centre  Festivals  Russian tourism  Azov  Aquariums  Cossacs  Russian history  David Borovskii  Internet memes  Russian regions  Marilyn Monroe  Zenit St. Petersburg  Archeology  Russian Cinema  Football  Exhibitions in Moscow  Russian Literature  Sculptures  Russian politics  Russian Internet  Water Color  Sochi Games   Museums  Spiders  Arts and Crafts  Russian weather  Marina Kaverzina  human rights in Russia  children 


Travel Blogs
Top Traveling Sites