MOSCOW, November 24 (RIA Novosti) - Gazprombank, a subsidiary of Russia's energy giant Gazprom, is negotiating the sale of its shares with a strategic investor, the bank's senior official said Thursday.
Alexander Sobol said the bank was planning additional emission of its shares in the first quarter of 2006. The maximum volume of the additional emission would be $226.5 million.
Sobol said the stake of Gazprom would be reduced to 66% with the maximum additional emission volume.
Sobol said the bank would be transformed into an open joint stock company after the additional emission of shares.
