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:

Sberbank Wants To Increase Security In Ukraine
29.02.2016
Stock Value of Sberbank Went Up
31.03.2016
14th Metallurgical Summit
24.06.2016
Russian GDP WIll Go Up In the Middle of 2016
17.04.2016
Money Transfers Through Odnoklassniki
29.02.2016



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
migrants in Russia  Russia in space  Russian tourism  Russian laws  Wings of Russia  Sokolniki  Dymkovo  lawsuit  Contemporary Writers  United Buddy Bears  Sberbank of Russia  Rostov Region  Russian history  Bukva-Grad  National Museum Of Chechnya  Exhibitions in Moscow  foul language in Russia  Vladimir Tsigal  Moscow  Mercedes-Benz Fashion Week Russia  Anzhi Makhachkala  Russian companies  Hermitage  Russian business  Sceince  Archeology  Painting  Ryazan  Rostelecom   Republic of Karelia  Planetarium  Teheran International Book Fair  Russian religion  Guinness Book of Records  Russian musicians  Linkin Park  Russian Defense Ministry  Regions of Russia  Russian Cinema  Russian Literature  Meccano  Sakhalin  Astrakhan  Russian physics  Russian transportation  Innovations  road signs  Vsevolod Meyerhold  Ufa  FC Rubin 


Travel Blogs
Top Traveling Sites