Gazprom completes sale of 2.93 stakes

MOSCOW: Gazprom Gerosgaz Holdings and Rosingaz Limited (Cyprus), wholly-owned subsidiaries of Gazprom, have successfully completed the sale of 693.627 million ordinary shares of Gazprom.

The shares representing 2.93 percent of the charter capital were sold via collecting and accepting bids for the purchase of the shares using trading platform of Moscow Exchange. Gazprombank (Joint Stock Company) acted as the sole lead arranger and broker of the offering.

The sale price was set at RUB 200.5 per share. The shares sold represent approximately 2.93 per cent ownership interest in the share capital of Gazprom.

According to estimates, upon completion of the placement, the free float will increase to approximately 46.02 per cent of the charter capital.

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