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Gazprom acquires 6.2% stake in Serbia's NIS

Author Radomir Ralev
Gazprom acquires 6.2% stake in Serbia's NIS Source: NIS

BELGRADE (Serbia), May 11 (SeeNews) - Russia's Gazprom has acquired a 6.2% equity stake in Serbian blue-chip oil and gas company NIS [BEL:NIIS], NIS said on Wednesday.

Gazprom has acquired a total of 10,035,687 NIS shares through a block transaction on May 6, NIS said in a filing with the Belgrade Stock Exchange.

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Gazprom Neft, a subsidiary of the Russian energy giant, reduced its stake in NIS to 50% from 56.2% by selling 10,035,687 shares on May 6, NIS said in a separate filing.

In 2009, Gazprom Neft purchased a 51% stake in NIS from the Serbian government. The company increased its shareholding interest to 56.2% in 2010.

Currently, the Serbian government owns a 29.9% stake in the capital of NIS, while other minority shareholders control a 14% stake among themselves.

NIS closed 0.56% higher at 535 dinars on the Belgrade Stock Exchange on Wednesday.

Naftna Industrija Srbije AD is among the biggest companies in SEE, for more reference take a look at Top 100 companies
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