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:

Central Bank Will Not Warn Banks Of License Revocation In Advance
10.01.2014
Russia to Ban GM Foods
05.04.2014
Crimean War Costs Could Reach 3 Percent of GDP - Report
04.03.2014
ALROSA Posts Positive 2013 Operational Results Report
31.01.2014
WB Downgrades 2013 GDP Forecast
18.12.2013



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Dima Yakovlev Law  Miass  Russian Cinema  Khimki elections  cooperation  VKontakte  Leonid Filatov  Installations  loft,  Moscow parks  Archeology  Archaeology  Ecocenter  Evgeny Zhirkov  Moscow traffic  international competitions  Municipal Improvement  agreement  Sochi 2014  Exhibitions in Moscow  Press  Russian Literature  Russian opera  Alexander Pushkin  adoption ban  Russian history  Russian tourism  Concerts in Moscow  Russias Central Ban  odd news  electronic registration  AvtoVAZ   South Park  Yevgeni Morgunov  Russian regions  Tourist map  Moscow Festivals  advertising in Russia  Kemerovo Region  Customs  Irkutsk Region  Russian Rivers  Moscow  Buguruslan  Sverdlovsk region  Russian politics  Russian church  Russian business  Enem  Russian mobile networks 


Travel Blogs
Top Traveling Sites