E.ON sells 2.7% of Gazprom to VEB, remaining 0.8% sold to market

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Germany's energy group E.ON has agreed to sell its 2.7 percent stake in Gazprom to state-owned Russian investment bank Vnesheconombank (VEB), while the remaining 0.8 percent has been sold on the market, E.ON said on Wednesday.

Germany's energy group E.ON has agreed to sell its 2.7 percent stake in Gazprom to state-owned Russian investment bank Vnesheconombank (VEB), while the remaining 0.8 percent has been sold on the market,  E.ON said on Wednesday.

E.ON's proceeds from the sales totals 3.4 billion euros, resulting in a book gain of around 2.5 billion euros, the company said in a statement.

Gas company E.ON Ruhrgas, E.ON subsidiary, held a 3.5 percent stake in Gazprom.

BERLIN, December 1 (RIA Novosti) 

 

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