Russian state development bank VEB has signed an agreement with state gas company Gazprom to sell it a 3.6 percent stake of the gas firm, both said on Friday.
Gazprom Chief Executive Alexei Miller said in a statement that Gazprom's shares are "significantly" undervalued by the market and have a great growth potential. Neither VEB, nor Gazprom disclosed the price of the deal.
(Reporting by Oksana Kobzeva; writing by Katya Golubkova)