June 6, 2014 / 5:16 PM / 4 years ago

Putin says additional issuance of Gazprom shares an option

DEAUVILLE, France, June 6 (Reuters) - Russian President Vladimir Putin said on Friday that one way to boost state-controlled gas company Gazprom’s share capital would be an additional issuance of shares in the interest of the state.

Putin had floated the unexpected suggestion of a recapitalisation of Gazprom on Wednesday, hinting it could be funded from gold and foreign-currency reserves, while sources have suggested the money could come from a rainy-day fund meant to cover the state pension deficit.

Reporting by Alexei Anishchuk; Writing by Steve Gutterman; Editing by Pravin Char

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