Russian gas pipeline systems operator Oao Gazprom (OGZPF.PK,OGZPY.PK) announced that it will acquire 92.25 per cent stake in Kamchatgazprom from Rosneftegaz.
According to the terms of the deal agreed upon with Rosneftegaz the shares of Kamchatgazprom will be purchased for 2.85 billion Russian Rubles.
Gazprom said it will be offered the opportunity of making interest-free installment payments over 23 years. The shares will be paid for in equal yearly portions. The present value of payments according to the specified schedule does not exceed the price of Kamchatgazprom shares approved by the Board of Directors on March 2, 2010, namely 1.64 billion Rubles.
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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.