General Announcement::Gazprom and OMV signed binding Basic Agreement on Asset Swap

Issuer & Securities

Issuer/ Manager
JSC GAZPROM
Securities
PJSC GAZPROM GDR - US3682872078 - AAI
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
14-Dec-2016 22:23:30
Status
New
Announcement Sub Title
Gazprom and OMV signed binding Basic Agreement on Asset Swap
Announcement Reference
SG161214OTHR13VJ
Submitted By (Co./ Ind. Name)
Horizon LLC/ Obukhova
Designation
Senior Analyst
Description (Please provide a detailed description of the event in the box below)
Gazprom and OMV signed in Vienna the Basic Agreement regarding the asset swap.
According to the Basic Agreement, Gazprom will receive a 38.5 per cent stake in OMV Norge AS, a company focused on geological exploration and production in Norway. In exchange, OMV will obtain a 24.98 per cent stake in the project for developing Blocks 4 and 5 of the Achimov formations in the Urengoy oil, gas and condensate field. The deal is subject to an agreement on the final transaction documents, regulatory approvals and further corporate approvals.

Attachments

161214 Gazprom and OMV sign binding Basic Agreement on Asset Swap.pdf
Total size =124K