On April 22, OJSC Gazprom gazoraspredelenie (St. Petersburg) increased its voting stake in OJSC Gazprom gazoraspredelenie Saransk to 54.765% from 41.103%, Gazprom gazoraspredelenie informed.
Gazprom gazoraspredelenie's share in the authorized capital of the Saransk-based company increased to 64.237% from 53.96%.
OJSC Gazprom gazoraspredelenie Saransk is the largest gas distribution company in the Republic of Mordovia. The company operates more than 1,000 kilometers of gas networks in 20 districts.
OJSC Gazprom gazoraspredelenie (previously Gazpromregiongaz, tax number: 7838306818) is the largest gas distribution holding of the country comprising 261 affiliates and subsidiaries. The company operates a network of about 630 thousand km in 66 regions of the country.
RAS net loss of OJSC Gazprom gazoraspredelenie for 2013 was RUB 1.342 billion against a profit of RUB 967 million the year before. Revenue increased by 20% to RUB 13.804 billion from RUB 11.517 billion, GP increased by 24% to RUB 2.529 billion from RUB 2.032 billion the year before.
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