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Gazprom okays purchase of stakes in six regional gas companies


MOSCOW, February 26 (RIA Novosti) - The board of directors of Gazprom approved Sunday a plan for its subsidiary Mezhregiongaz to buy stakes in six regional gas companies, the Russian energy giant said in a press release. These are joint-stock companies Ivanovoregiongaz, Kirovregiongaz, Udmurtregiongaz, Vladimirregiongaz, Mosregiongaz, and Bashkirgaz.

The acquisition of additional stakes in regional gas companies is aimed to tighten corporate control, the press release said.

Furthermore, the board of directors deemed it expedient to increase Gazprom's stake in Rosshelf, a closed-type joint-stock company.

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