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Gazprom to pay 2 and half billion dollars for other half of Beltransgaz

November 25, 2011, 18:41 UTC+3
The Belarusian State Property Management Committee and Gazprom concluded a contract on the selling of Beltransgaz stock on Friday
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GORKI, November 25 (Itar-Tass) —— Gazprom will pay $2.5 billion for the other half of Beltransgaz to become the only owner of the company, the Gazprom press office said on Friday.

Gazprom and the Belarusian State Property Management Committee signed a deal selling a 50% stake in Beltransgaz to Gazprom in May 2007. From 2007 through 2010 Gazprom was annually acquiring 12.5% of Beltransgaz ordinary registered shares with the deal’s total value of $2.5 billion. Beltransgaz was owned by Gazprom and the Belarusian government 50/50 since March 3, 2010.

The Belarusian State Property Management Committee and Gazprom concluded a contract on the selling of Beltransgaz stock on Friday, at a meeting of the Supreme State Council of the Russia-Belarus Union State.

 

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