Gazprom Buying out Its Own Shares from Vnesheconombank

Source: www.gulfoilandgas.com 7/15/2016, Location: Asia

Gazprom Group signed a number of agreements with Vnesheconombank to purchase a block of ordinary shares and ADRs representing Gazprom's ordinary shares that amounts to 3.59 per cent of the Company's equity capital.

“Gazprom's shares are strongly undervalued by the market and have considerable growth potential. This is why we seized the opportunity to buy out a large block of our shares,” said Alexey Miller, Chairman of the Gazprom Management Committee.


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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  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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