OREANDA-NEWS. Two subsidiaries of Gazprom on Thursday, July 25, intend to place on the Moscow stock exchange 693.63 million shares of the parent company. This is stated in the message of "Gazprom". Gazprom Gerosgaz Holdings BV and Rosingaz Limited, which are registered in the Netherlands and Cyprus, respectively. Both are 100 percent subsidiaries of Gazprom. “They concluded an agreement on the organization of the placement of shares and brokerage contracts with Gazprombank for sale of 693,627,848 pcs. ordinary registered uncertified shares of PJSC Gazprom by accepting and satisfying applications for the purchase of shares”, the message says.

The company noted that the shares will be sold at a single price in the amount of the entire stake. In this case, the partial sale of the package is not provided. This stake corresponds to 2.93% of the authorized capital of PJSC Gazprom. Based on these quotations for the close of trading on the Moscow Stock Exchange on Wednesday, July 24, it is estimated at 147 billion rubles.

BrokerCreditService analyst Kirill Tachennikov told the Russian media that the state’s package of this deal would not be reduced. According to him, these are treasury shares bought earlier by Gazprom at a lower price (we are talking about the repurchase of their shares by Gazprom from the bank). The current value of the company's securities on the market allows the package to successfully monetize and channel funds for development, he added.

Earlier it was reported that the Shares of PJSC Gazprom during the trading on the Moscow Stock Exchange set a new historical maximum, for the first time since 2012, exceeding the mark of 180 rubles per share. In addition, the paper showed the maximum daily price increase since 2008 - 12.1%. Against the background of this jump, Gazprom took the third place in terms of capitalization, overtaking Lukoil. As of 16:17 Moscow time, the capitalization of Gazprom amounted to 4.3 trillion rubles.