Sberbank CIB provided the bridge-funding for Yamal Development in the volume of $2.94bn, the Bank informed.
The funds were released for the acquisition of 60% in Arctic Russia B.V. from Eni S.p.A. which keeps 49% in SeverEnergia which, in its turn, holds licenses for the development of gas and oil fields in Yamalo-Nenetsky reg.
Yamal Development is a JV set up by Gazprom neft and NOVATEK. It is one of the co-owners of SeverEnergia. Thus, now Yamal Development keeps 80.4% in the project.
Sberbank of Russia (TIN 7707083893) is the largest bank in Russia, Central and Eastern Europe. It has 67.76bn rub. in share capital split in 21586948ths common stocks and 1bn preferred stocks of 3 rub. par. The Bank of Russia keeps 50%+1 voting stocks in Sberbank. The Bank has 17 regional branches; subs in Kazakhstan and Ukraine.
The IQ 2013-net profit moved down 4% (IAS) to 88.5bn rub.
The 2013-net profit at Sberbank increased (RAS) 13.4% to 392.6bn rub. from 346.2bn rub. prior year; pretax profit gained 480.5bn rub.; assets being up 19.9% to exceed 16.3tril rub. (5.3% in rise).