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Gazprom OAO Increases Stake In Bosphorus Gaz Corporation AS by 20% to 71%-Interfax


Tuesday, 30 Apr 2013 03:25am EDT 

Interfax reported that Gazprom OAO has after three years of anticipation been able to boost its stake in Turkish trader Bosphorus Gaz Corporation AS by 20% to 71%. Gazprom OAO paid USD 15.7 million for the stake in 2009, but the conclusion of the deal was dependent on local regulatory approval, and it was wrapped up only in April of 2012. Nevertheless, investment in the company continues to be reflected based on the method of share participation, as the group does not control the company's activities in accordance with the terms of the founding documents. 

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