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Russia's VEB Sells Gazprom Back 3.6%

Posted by July 15, 2016

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)

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