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PARIS -- Novatek has to complete a reorganization before Total can buy a 25 percent stake in the gas producer, Russian Industry and Energy Minister Viktor Khristenko told the French daily newspaper Le Figaro.
Paris-based Total, Europe's third-largest oil company, agreed in September 2004 to buy the stake and has been waiting for approval from the Russian Federal Anti-Monopoly Service.
Khristenko told the newspaper that as far as he knew, an overhaul of Novatek had to be "totally achieved" for the transaction to be approved. Russia's anti-monopoly authorities will then decide, he said. (Bloomberg) |
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Date:
May, 18, 2012 |
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Brussels Time: |
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