OREANDA-NEWS. October 26, 2007. Severneftegazprom stock issue registration was done and relevant purchase and sale agreements were signed in the frames of the Agreement on Share Swap between BASF and Gazprom in the authorized capital of Severneftegazprom earlier approved by the Gazprom Board of Directors and BASF AG.

According to the Agreement, Gazprom will increase its stake in the authorized capital of Wingas GmbH up to 50 per cent minus one share.

In its turn, BASF AG acquired a 25 per cent stake minus one voting share and one share without voting rights, which is an equivalent of a 10 per cent stake in the project’s economy.

The rest of activities to finalize the deal will be completed in near future.