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25

E.ON sells 2.7% of Gazprom to VEB, remaining 0.8% sold to market

Germany's energy group E.ON has agreed to sell its 2.7 percent stake in Gazprom to state-owned Russian investment bank Vnesheconombank (VEB), while the remaining 0.8 percent has been sold on the market,  E.ON said on Wednesday

E.ON sells 2.7% of Gazprom to VEB, remaining 0.8% sold to market E.ON sells 2.7% of Gazprom to VEB, remaining 0.8% sold to market

E.ON's proceeds from the sales totals 3.4 billion euros, resulting in a book gain of around 2.5 billion euros, the company said in a statement.

Gas company E.ON Ruhrgas, E.ON subsidiary, held a 3.5 percent stake in Gazprom.

 

Source : RIA Novosti