Gazprom to sell additional stake to Russian government

Gas monopoly OAO Gazprom has agreed to sell a controlling stake to the Russian government, setting the stage for more liberalized trading of Gazprom shares, consultants said.Tim Lambert, a vice-president with Wood Mackenzie Ltd., said the Russian government is involved in a series of complicated maneuvers involving Gazprom. He added that Russian President Vladimir Putin wants to increase Gazprom’s value.“Events have been building up to this for several months, and this is a logical conclusion,” Lambert said.Michael Lelyveld, senior advisor to PFC Energy, said Russia “desperately needs something to restore optimism to investment.” But he questioned the wisdom ...

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