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:

No Economic Growth for Russia in 2015, UN Says
20.01.2015
Rosneft Calls Its New Mine Pobeda (Victory)
28.09.2014
Gazprom Wins US Trial
10.02.2015
Apple Is Leading
26.01.2015
Central Bank Rejects Bitcoin Monitoring Mission Proposed by Finance Ministry
06.10.2014



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Stavropol Krai  Curonian Lagoon  International Book Fair  Bashkiria  Kuban Stadium   Russian business  Russian Literature  Lyapis Trubetskoy  Painting  Moscow  Alexey Emelin  Russian sport  Saint Petersburg Metro  Vladimir Vysotsky  Missing Persons  Archeology  Baikonur cosmodrome  Archaeology  Russian International  Silver Bear  Russian art  Film Festival  Valley Of Lotuses  health  Russian human rights activists  Exhibitions in Moscow  Russian Rock  business  Russian airports  Russian Cinema  World City Political Walk Helsinki  Russian society  Yevgeny Zharikov  Russian politics  Russian tourism  Russian Cultural Foundation  Khazar fortress  Tula  Russian Names  Russian theatres  society  Zakharov  explosion  Russian parliament  Boris Yudin  Russian history  Krasnodar  Khachin Island  Hip-Hop  Russian gas 


Travel Blogs
Top Traveling Sites