OREANDA-NEWS. Today, Vnesheconombank signed agreements with Gazprom Group to sell a shareholding and ADRs in the amount of 3.59% of Gazprom’s authorized capital.

According to Sergey Gorkov, Chairman of Vnesheconombank, the transaction is to significantly enhance VEB’s liquidity.

VEB became a shareholder in Gazprom in late 2008 when the Bank was implementing measures to bolster the economy amid the financial crisis and, in particular, buying securities of Russian companies to support their quotations.