InfoAnda - German EON sells Gazprom stake for 3.4 billion euros

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

World nuclear summit confronts 'growing' threat | 13 April 2010
U.S. video games sales fall 17 pct in March: NPD | Technology | | 17 April 2009
Analysis: Gaddafi's death a warning to Syrian, Yemeni leaders | | 21 October 2011

Samsung, LG unveil super-thin, curved televisions | | 9 January 2013

Forum Views () Forum Replies ()

Read more with google mobile : German EON sells Gazprom stake for 3.4 billion euros

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap German EON sells Gazprom stake for 3.4 billion euros AFP - Thursday, December 2 Send IM Story Print German EON sells Gazprom stake for 3.4 billion euros BERLIN (AFP) - – Germany's EON said Wednesday it had sold its 3.5-percent stake in Russian gas giant Gazprom to Russian bank Vnesheconombank and on the open market for a total of 3.4 billion euros (4.4 billion dollars). "The sale of our Gazprom stake does not alter our Russia strategy. EON will remain an active investor in Russia in both power and gas," EON chief executive Johannes Teyssen said in a statement. EON's purchase of a stake in Gazprom was seen as being part of closer economic ties between Russia and Germany under former chancellor Gerhard Schroeder, but relations between Moscow his successor Angela Merkel are seen as less cosy. The stake was held by EON's subsidiary EON Ruhrgas, which built up 6.4 percent interest in Gazprom between 1998 and 2003 before exchanging 2.9 percent for a stake in the Yuzhno-Russkoye gas field in Russia. The German utilities group said it sold a 2.7-percent stake to state-owned Vnesheconombank and 0.8 percent on the stock market. The sale forms part of its plan to offload 15 billion euros in assets by 2013. "The purchase of Gazprom shares more than 10 years ago served to further solidify the partnership between Gazprom and Ruhrgas and to expand the two companies scope for collaboration," Ruhrgas head Klaus Schaefer said. "The sale will in no way alter the continued solid partnership," he said. "In the future, we will continue to procure considerable amounts of Russian natural gas for the German and European markets and to work together closely on a number of joint projects." Gazprom, founded in 1989, grew out of the USSR's Gas Industry Ministry and was part-privatised from 1993 in the much-criticised sale of state assets in post-Soviet Russia. The state has retained a controlling stake of just over 50 percent, according to the company's website. It has ramped up its ambitions in recent years and is expecting to sign a potentially huge deal to supply natural gas to China by mid-2011. Gazprom reported last month first-half net profits of 508.2 billion rubles (16.5 billion dollars), a rise of more than 66 percent, on sales 1.7 trillion rubles. EON, the world's biggest private utilities group, said it will book a gain of 2.5 billion euros from the sale, which will be used to reduce debt and invest in other areas. Last month EON announced a major strategy shift, deciding to turn its focus away from Europe in favor of what it sees as more lucrative emerging markets in Asia and South America. Recommend Send IM Story Print News Search Top Stories US jobless claims tick up ECB to continue buying government bonds: Trichet Eurozone braces for ECB liquidity moves Climate talks hit bump as Lula expects no result FA condemn pitch invasion on eve of 2018 vote More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Finger length predicts prostate cancer risk: study 'Critical safety issue' with Rolls A380 engine Obama reverses oil drill expansion after BP spill FA condemn pitch invasion on eve of 2018 vote 'Sarkozy the American' mulled troops for Iraq: WikiLeaks More Most Viewed » 'Naked' airport scanners may be 'dangerous' Pilgrims stone 'devil' as Muslims celebrate Eid World leaders scramble for funds to save the tiger US, S.Korea plan war games after N.Korean attack Obama gets 12 stitches after 'elbow in the lip' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 2 December 2010
Pakistan rejects fears over its nuclear weapons |
Pakistan passed potential attack info to Israel |
Ivory Coast president party says rebels rigged poll |
Darfur mediators face violent protests |
Northern Europe freezes, Cyprus in drought |
S.African teen sex challenges anti-AIDS fight
Paksitani stocks, o/n rates end lower; rupee firms
Groupon expanding in Silicon Valley and Asia |
Verizon to launch new high-speed service on Sunday |
German patent firm wins part of battle vs Nokia |
RIM launches patent suit against startup Kik |
Israel's Cellcom network suffering major fault |
Elton John edits UK newspaper for World AIDS Day |
Johnny Depp driven nuts by French language |
Uma Thurman stalker back in jail |
US soldier gets 9 months for killing Afghan civilians
Wikileaks' Assange in UK, police know where: report |
US-TECH Summary
Israel unveils new residential plan near East Jerusalem
Eurozone braces for radical ECB liquidity move
Take-Two sees opportunity in digital
U.S. views Chavez in axis of mischief: leak |
'Critical safety issue' with Rolls A380 engine
Canada probing possible US misconduct in Afghanistan
Motorola eyes home streaming to mobile
China says North Korea ties have survived tempest |
Fed lifts lid on crisis lending to non-US banks
NATO member killed in roadside bomb in Afghanistan
FTC backs "do not track" tool for Web users
Obama extends drilling ban in wake of BP spill
Putin warns West over missile defence: report |
NZealand website defends topless breast cancer campaign
South Africa's anti-AIDS drugs reach a million people
Egypt's opposition groups quit "rigged" vote
Ivory Coast president wants vote cancelled: party |
Higuain facing surgery for herniated disk
Israel unveils new residential plan near East Jerusalem |
Afghan election body declares parliamentary results final
German EON offloads 'milestone' Gazprom stake
Afghanistan announces last set of election results |
Migration watch saves Israeli jets from bird strike
US firms post best job gains in three years
Congo army commander hit with U.N. sanctions |
Gambhir leads India to easy one-day win over NZ
Iran says U.N. sanctions helped scientist's killers
FCC chief backs some rationing of Internet traffic
Tom Hanks to star in controversial Latino film
Amazon drops WikiLeaks under political pressure
Ben Affleck wants to make movie about DRCongo
U.S. initiates post-WikiLeaks security crackdown
Google buy of Groupon could see antitrust review
Belarus to eliminate highly-enriched uranium stocks
News trumps celebrity in 2010 Web searches
Netflix scrambles future of TV and films
Motorola eyes home streaming to mobile
Google buy of Groupon could see antitrust review |
FTC backs do not track tool for Web users |
Motorola eyes home streaming to mobile |
German patent firm wins part of battle vs Nokia
Take-Two sees opportunity in digital |
Netflix scrambles future of TV and films |
Malaysia launches women-only buses
US-ENTERTAINMENT Summary
Media companies look beyond today's App stores |
Eminem and R&B singer Bruno Mars lead Grammy nominees
News trumps celebrity in 2010 Web searches |
Madonna's new gym overcomes Mexican bureaucracy
Michael Jackson's dad refiles lawsuit against doctor
US museum pulls video after Catholic complaints
Marshals' order calls for Wesley Snipes to start sentence
Tom Hanks to star in controversial Latino film
Sundance unveils competition films for 2011 festival
Ben Affleck wants to make movie about DRCongo
Seoul shares gain as chip maker bounce; Kia gains
South Korea bonds pare losses on policy rate views
NZ 2013 govt bonds yield 4.19 pct at tender
N.Korea may shell South again in 2010 -Japan media
US, S.Korea push for auto, beef deal to save pact
S.Korea economy grows 0.7 pct in Q3, revised figure confirms
South Korea won advances as stocks, euro bounce
Seoul shares open up as euro fears ebb
Eminem and R&B singer Bruno Mars lead Grammy nominees |
Indian ex-minister in telecom row bemoans trial by media
Marshals order Wesley Snipes to start sentence by December 9 |
RPT-NZ housing confidence touch softer in Q3
Sundance unveils competition films for 2011 festival |
Soul icon Solomon Burke earns posthumous Grammy nod |
News
Prosecutor says Russia virtual 'mafia state': WikiLeaks
Israel to blame for "collapse" of talks
Swedish High Court refuses WikiLeaks founder appeal |
Northern Europe counts cost of big freeze |
Climate talks hit bump as Lula expects no result
Snow batters Europe again, Britain grinds to halt
UN nuclear chief steps up pressure over Syria site
Israel to blame for collapse of talks: Abbas aide |
Russia to increase missiles unless shield agreed: Putin
IAEA laments lack of Iran cooperation before talks |
EU must spend more to fight terrorism: EU official |
FA condemn pitch invasion on eve of 2018 vote
Russia opens world's first nuclear fuel bank
NATO: 3 service members killed in Afghanistan
Greek police clash with students, fire teargas |
German EON sells Gazprom stake for 3.4 billion euros
UK Afghan hostage death blamed on U.S. grenade |
Egypt opposition party to abandon seats won in vote |
Clinton visits Kyrgyzstan for talks with president
Suspect in death of Hollywood publicist kills himself
Leaders battle for deal to boost OSCE powers
Japan gives go-ahead to Japan-Google deal
Tension, acrimony as World Cup vote looms
China says North Korea ties survived "tempests"
Strong US data sends Asian markets surging
UN atomic watchdog 'concerned' over N.Korea
Diller steps down as IAC CEO, Malone swaps stake for cash |
Eminem caps comeback year with 10 Grammy nods
Qantas prepares to sue Rolls-Royce over engine blast
Vietnam price controls 'a WTO violation'
Acer sees shortages as smartphone demand surprises |
Suspect in death of Hollywood publicist kills himself
Pakistani stocks end near 29-mth high; rupee weakens
EDITORIAL: New policy on N. Korea
Yahoo Japan: Google deal gets regulatory green light |
Soul icon Solomon Burke earns posthumous Grammy nod
Seoul in panic over leaked US diplomatic cables
S.Korea regulator says capital control steps to go ahead
Time Warner's Bewkes skeptical of Netflix plan |
Taiwan central bank to meet on policy Dec 30-source
Foreign firms' path to China's A-share market eased
Pakistan's forex reserves ease to $16.74 billion
Detained Indonesian terror suspect to have operation next week
Taiwan firms start issuing dollar-denominated CP
Indonesia to relocate its first planned nuke power plant
At least three to bid for AIG Taiwan unit -sources
Angelina Jolie defends Bosnian directorial debut |
Queen Elizabeth shed tears at Narnia film ending: Neeson |
A Minute With: Kirsten Dunst and All Good Things |
Suspect in death of Hollywood publicist kills himself |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01