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:

Rosneft Claims 2013 Biggest Taxpayer Title
Russia Lifts Customs Tariff On Tablets, Cellphones
Russia to Buy More IT Hardware from China
US Wants Gazprom Face 'Costs' of Crimea Grab
MICEX Down After OECD Warning

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Orthodox Church  3D Films  Russian history  Russian tourism  Russian hockey  Yoga  Slovyansk  Chelyabinsk meteorite  Alania Vladikavkaz  Dima Yakovlev Law  Tragedy  Alexander Sumarokov  Veliky Novgorod  Anatoly Durov  Russian Literature  Russian Cinema  Russian tycoons  cooperation  Cossack village  Moscow Architecture  Fortresses of Russia  Russian business  Russian politics  Russian boxers  adventure tourism  Ermak  Sergey Mikhalkov  Russian regions  Ufa  Archeology  Russian legislation  Russian Orthodox Church  Russian laws  Aquarium  Bolgar  Cafe Sharlau  Red Book  Russian spacecrafts  Exhibitions in Moscow  Smolensk  Exhibitions in St.Petersburg  Sergey Kolyavkin  Altai Krai   Moscow  Japan  Valeri Kharlamov  Awards  Henry Moore  history  Tsaritsino 

Travel Blogs
Top Traveling Sites