Rusiian oil and gas major Gazprom (OGZPF.PK,OGZPY.PK,GAZP) Wednesday said it agreed to buy shares owned by Rosneftegaz at 72 gas distribution companies. The deal worth RUB 25.861 billion, is concluded pursuant to the Russian Government's Directive of November 13, 2010.
Gazprom said the acquisition is part of its efforts aimed at consolidating gas distribution assets. The company aims to provide the reliability and security of gas distribution systems and increase the economic efficiency of the gas distribution business.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.