Gazprom and E.ON Close Asset Swap Deal
OREANDA-NEWS. October 30, 2009. Alexey Miller, Chairman of the Gazprom Management Committee and Bernhard Reutersberg, Chairman of the E.ON Ruhrgas AG Executive Board signed the certificate on the asset swap deal closing as part of the Yuzhno-Russkoye oil and gas field development project.
As a result of the deal, Gazprom acquired a 49 per cent stake in Gerosgaz, which owns 2.93 per cent of Gazprom’s shares, thus transferring the full ownership of these shares to Gazprom. In turn, E.ON AG acquired a 25 per cent stake in the charter capital of Severneftegazprom.
Accordingly, the Severneftegazprom ownership structure became as follows: Gazprom holds 50 per cent plus six ordinary registered shares; BASF AG – 25 per cent minus three ordinary registered shares plus three preferred non-voting shares, and E.ON AG – 25 per cent minus three ordinary registered shares plus three preferred non-voting shares.
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