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Gazprom Purchasing 50% of Total Shares in South Stream Transport

Source: www.gulfoilandgas.com 12/29/2014, Location: Asia

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Eni entered into an agreement for the sale of its 20% stake in South Stream Transport B.V. to Gazprom.

Following the transaction, Eni will recover the capital invested to date in the project, calculated coherently with existing agreements.

Before the agreement, South Stream Transport was owned by Gazprom with a share of 50%, by Eni with a share of 20%, and Wintershall and EDF with a share of 15% each. The company was established to build the offshore section of the South Stream gas pipeline.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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