Wednesday, April 4, 2007

Eni and Enel land YUKOS assets for Gazprom

(Reuters) - Gazprom was widely expected to walk away with the spoils, which include a $4 billion stake in its own oil company Gazprom Neft and two gas production firms, but did not register to take part in the auction, so the big question was who would help it by doing its bidding.

Just before the bidding opened Gazprom said it had an option with Enineftegas, 60 percent owned by Eni and 40 percent by Enel , under which it could buy the Gazprom Neft stake and 51 percent in the gas firms if Enineftegas won.


Read more at Reuters.com Business News

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