Wednesday, April 8, 2009

Gazprom will pay Eni $ 4,2 billion for 20% of the shares of "Gazprom oil"

Tuesday in the Russian-Italian economic forum in Moscow, the head of "Gazprom" Alexey Miller and the director, the Italian company Eni SpA Paolo Skaroni signed a contract for the sale of shares of "Gazprom oil". According to P. Skaroni, the transaction amount is $ 4.2 billion on 7 April. FINMARKET.RU - Tuesday in the Russian-Italian economic forum in Moscow, the head of "Gazprom" Alexey Miller and the director, the Italian company Eni SpA Paolo Skaroni signed a contract for the sale of shares of "Gazprom oil". According to P. Skaroni, the transaction amount is $ 4.2 billion formula price performance option is calculated as the purchase price ($ 3.7 billion) plus 9.4% annual pay, the additional financial costs, less dividends received. Eni has bought shares of "Gazprom oil" 2 years ago at an auction during its bankruptcy. At this time the option is not highly beneficial to Gazprom, as is the market value of shares of "Gazprom oil" is several times lower than the option price. It is expected that Gazprom will attract the necessary funds in the largest state-owned banks. In addition, the Forum signed a memorandum of und

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