OJSC Gazprom's Board of Directors approved buying shares in gas distribution companies from OJSC Rosneftegaz for RUB 25.862 billion, Gazprom informed.
It will be recalled that based on the 2008 appraisal ordered by the government and Gazprom, the stakes held by Rosneftegaz are estimated at RUB 26 billion.
Gazprom (tax number: 7736050003) is the world's biggest gas company. Its authorized capital is RUB 118.367 billion represented by 23,673,512,900 common shares at par value of 5 rubles. The Russian Federation is Gazprom's controlling shareholder. In 2012, Gazprom reduced gas production by 5.1% to 482.251 billion cubic meters.
Net profit (IFRS) of OJSC Gazprom for H1 2012 decreased by 33% year-on-year to RUB 525.526 billion from RUB 785.202 billion the year before. The group's revenue decreased by 5% to RUB 2.23 trillion. In particular, net revenue from gas sales decreased by 15% to RUB 1.245 trillion. Net revenue from gas sales to Europe and other countries decreased by 1% to RUB 731.316 billion. This change was primarily due to the decreasing gas sales by 10% or 8.7 bcm, which was partially compensated by the increase of average realized prices.
According to the information and retrieval system DataCapital, net profit (RAS) of OJSC Gazprom for 9 months 2012 decreased by 7.6% to RUB 510.249 billion from RUB 552.814 billion for 9 montsh 2011. Revenue increased by 3.9% to RUB 2.632 trillion from RUB 2.534 trillion. In particular, gas sales revenue amounted to RUB 2.021 trillion against RUB 2.013 trillion for 9 months 2011.
Rosneftegaz (tax number: 7705630445) is a wholly state-owned company. It owns more than 75% of shares of OJSC Rosneft and 10.74% of OJSC Gazprom as well as stakes in 78 gas distributors.
According to the information and retrieval system DataCapital, net profit of Rosneftegaz for 2011 increased by 31.4% to RUB 33.664 billion from RUB 25.366 billion, revenue by 17.9% to RUB 32.369 billion from RUB 27.455 billion.