for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

UPDATE 1-E.ON plans to sell its Gazprom stake, official says

* German industry official Mangold confirms E.ON’s plans

* Plans were discussed during meeting with Putin - Mangold

* Mangold is head of body for relations with eastern Europe

(Adds quote, details, background)

BERLIN, Nov 26 (Reuters) - German utility E.ON EONGn.DE plans to sell its stake in Russian gas monopoly Gazprom GAZP.MM, said Klaus Mangold, the head of a German industry association for relations with eastern European countries.

When asked if plans by E.ON to sell its 3.5 percent stake in the Russian company were mentioned during talks between Mangold, Russian Prime Minister Wladimir Putin and E.ON Chief Executive Johannes Teyssen, Mangold told reporters on Fridayi: “That has been mentioned, of course.”

Mangold is head of the so-called Ostausschuss, The Committee on Eastern European Economic Relations.

A spokesman for E.ON declined comment.

Russian daily Komersant had reported on Wednesday, citing unidentified people with knowledge of the matter, that E.ON was considering selling its stake in Gazprom to Russian state-owned bank VEB.

E.ON, the world’s largest utility, plans to sell assets worth 15 billion euros ($19.89 billion) in divestments through 2013. [ID:nLDE6A90NG] The Gazprom stake is worth some $4.5 billion.

Reporting by Gernot Heller and Peter Dinkloh; Writing by Peter Dinkloh; Editing by Marilyn Gerlach

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up