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:

A Plant For Production Of Polyethylene Terephthalate Will Be Construted In Vichuga
Roaming Rates Will Be Reduced In EAEC
The Bank Of Russia Suspended Licenses Of Insurance Companies
Expatriates Are Leaving Russia
EGAIS Is Coming 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 Cinema  Kemerovo Region  Archeology  Russian tourism  IPO in Russia  Moscow planetarium  Vasily Livanov  Moscow  Vladimir  Ivan Kliun  Embassy of Nature  Russian Literature  Russian people  Navalny  Mark Reizen  Architecture Monuments  Alisa Yoffe  Veliky Novgorod  Pskov Oblast  obituary  Russian Antiquity  ranking  Russian women  Yavas  Tiger And Hills   Moscow attractions  Russian government  Khokhlovka  Sculpture  Murmansk  Russian politics  Painting  Russian history  negotiations in Russia  Vladimir Borovikovsky  space  contemporary art  Exhibitions in Moscow  Andrey Esionov  Russian business  Space Exploration  Russian medicine  Grisha Bruskin  Caricatures  Taras Shevchenko  Alexander Tatarsky  Circle of Light Festival  National Fine Arts Museum of Sakha  Greenpeace  Art Exhibitions 

Travel Blogs
Top Traveling Sites