JSC Gazprom has increased its indirect stake in SOGAZ INSURANCE to 21.2% from 4.98%, the gas producer informed.
Gazprom's direct interest in the insurance company is 3.77%.
JSB Rossiya (St. Petersburg) subjected to the U.S. sanctions has lost control over SOGAZ.
It will be recalled that the U.S. sanctions initially concerned the assets in which each of the individuals and legal entities on the sanction lists owned 50% and more. On August 13, the U.S. Department of the Treasury tightened the sanctions to extend them to assets where the combined stake of the sanctioned parties exceeds 50%.
SOGAZ Insurance Group unites insurance companies SOGAZ INSURANCE, SK SOGAZ-AGRO LLC, OJSC SK SOGAZ-MED, SK SOGAZ-LIFE LLC, SK SOGAZ-SHEKSNA LLC, OJSC MSK Sheksna-M, International medical center SOGAZ, CJSC Leader (an asset management company) and the service medical company of Gazprommedservice LLC.
IFRS net profit of SOGAZ INSURANCE for 2013 grew by 4% to RUB 11.7 billion from RUB 11.3 billion in 2012. Insurance premiums increased by 12% to RUB 94.2 billion.
IFRS net profit of SOGAZ Insurance Group for H1 2014 dropped by 5.3% to RUB 5.67 billion. Total insurance premiums under IFRS (excluding compulsory health insurance services) grew by 25.1% to RUB 71.5 billion.
JSC 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 2013, Gazprom increased gas production by 400 million cubic meters to 487.4 bcm.
IFRS net profit of Gazprom for 2013 attributable to the company's shareholders decreased by 7% to RUB 1.139 trillion from RUB 1.224 trillion the year before. Sales revenue grew by 10.1% to RUB 5.249 trillion from RUB 4.767 trillion the year before.
According to the DataCapital information retrieval system, RAS net profit of Gazprom for 2013 went up 12% to RUB 628.311 billion. Revenue increased by 7.5% to RUB 3.933 trillion from RUB 3.659 billion, revenue from gas sales to RUB 2.917 billion from RUB 2.799 billion, sales profit to RUB 962 billion from RUB 993 billion.
RAS net profit of JSC Gazprom for H1 2014 fell by 38% to RUB 154.989 billion from RUB 250.144 billion for the same period in 2013. Revenue increased by 9.9% to RUB 2.112 trillion from RUB 1.921 trillion, gas sales revenue by 9.6% to RUB 1.569 trillion from RUB 1.432 trillion.
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