Gazprom units to sell small stake to raise cash
Subsidiaries Gerosgaz Holdings and Rosingaz will offer 693.6-million common shares in Gazprom to raise money from quasi-treasury shares
25 July 2019 - 16:57
Moscow — Units of Gazprom plan to sell a stake of about 2.9% in the Russian natural gas producer on Thursday after CEO Alexey Miller said he was looking to raise cash from quasi-treasury shares.
Gerosgaz Holdings and Rosingaz, which are both 100%-owned subsidiaries, will offer 693.6-million common shares in Gazprom on the Moscow Exchange, the company said in a regulatory filing. The terms of the deal don’t allow a partial sale of the shares being offered...
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