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Gazprom Neft Assumes Trust Management of 50% stake in Nortgaz

Source: www.gulfoilandgas.com 1/28/2014, Location: Asia

Gazprom Neft has assumed trust management of a 50% holding CJSC Nortgaz. The share holding is owned by Gazprom Group. Gazprom Neft will remain as trust manager until it receives ownership of the shares.

Under the agreement, Gazprom Neft will manage the 50% stake in the interests of its owner. At present Gazprom Neft and NOVATEK have equal representation on the Board of Directors of Nortgaz. Denis Sugaipov, the Head of Major Projects at Gazprom Neft, is the Chairman of the Board of Nortgaz.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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