Russian Tycoon Timchenko Transfers Novatek Stake To Volga Group

Reuters

MOSCOW, May 12 (Reuters) - Russia's No.2 natural gas producer Novatek said on Thursday Gennady Timchenko had transferred 13.2 percent of his direct equity stake in the company to Volga Group.

Volga Group now owns 23.46 percent of the company, Novatek said in a statement.

(Reporting by Olesya Astakhova, writing by Maria Tsvetkova; editing by Jack Stubbs)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Regional Sales Executive
Expertise: Business Development|Sales
Location: Jacksonville, FL
 
Land Representative - MCBU Midland Surface
Expertise: Landman
Location: Midland, TX
 
Land Analyst - MCBU Midland
Expertise: Landman
Location: Midland, TX
 
search for more jobs

Brent Crude Oil : $49.7/BBL 1.76%
Light Crude Oil : $47.12/BBL 1.55%
Natural Gas : $3.07/MMBtu 0.58%
Updated in last 24 hours