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29

Gazprom Attracts Credit To Buy Sibneft Stake

Gazprom attracts credit to buy 72.6% equity stake of of the domestic oil firm Sibneft

Russian gas monopoly Gazprom signed an agreement with several Western banks on the attraction of unsecured loan facility to the extent of US$13.1 billion, AK&M agency reported.

The terms of the deal are not disclosed.

Gazprom representative Sergey Kupriyanov announced the Company doesn't comment information in view of the loan facility.

Gazprom attracts credit to buy 72.6% equity stake of the domestic oil firm Sibneft from Millhouse Capital through its subsidiary Gazprom Finance BV.