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Gazprom To Evaluate Itself
The state needs to buy the shares to boost its stake in Gazprom to over 50 percent
The Board of Directors of Russia's gas monopoly Gazprom will meet on June 15 to decide on the price of 10.7 percent of Gazprom's so-called treasury stock, the firm said on Friday.
The state needs to buy the shares to boost its stake in Gazprom to over 50 percent, which would allow it to open up its share trading to foreigners. Market analysts and government officials estimate the stake's value at around $6-$8 billion.
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