Gazprom to buy 16.3 per cent of SPP

Russian gas company Gazprom says it wants to use its option to purchase 16.3 percent of Slovak gas company Slovenské plynárnský priemysel (SPP) by the end of this year, according to Moscow daily Vedomosti. The price of its stake is estimated at $900 million (837 million euro).

In SPP's initial privatisation, a consortium of Ruhrgas, Gaz de France, and Gazprom agreed a price of $2.7 billion (2.5 billion euro), but only Ruhrgas and Gaz de France paid their shares. Due to financial problems within the company, Gazprom was given an option to put off the purchase of its share until 2004.

Compiled by Conrad Toft from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

News digest: Passport required when travelling from Slovakia to the UK again

Bratislava Mayor awarded for his green ideas. Pandemic edition of the White Night festival starts. Slovak batteries for e-cars passed international test.

16 h
Sky by Monika and Bohuš Kubinský

Bratislava is ready for White Night. Here's all you need to know

A manual for the festival and seven sites selected by The Slovak Spectator.

16. sep
Matúš Vallo during the election night.

Bratislava Mayor Matúš Vallo receives World Mayor Future Award

He was acknowledged for his efforts to transform the Slovak capital into a green, compassionate city.

17 h
GP Maroš Žilinka in parliament.

What is it with Slovakia and general prosecutors?

After a deceptively serene transition last year, the heartbreak has resumed.

20 h
Skryť Close ad