Russia's Gazprom terminates its stake in Bulgarian company Overgas

published on 1/29/21 10:35 AM

Photo: Library

The Moscow-based energy company Gazprom has terminated its participation in the Bulgarian private gas company Overgas. This was announced by the Russian gas giant, quoted by Russian news agency TASS.

Gazprom's share was 50% of the stocks of the Bulgarian company. The transaction was made on January 27, 2021.

The process of separation between the two companies began in 2015. In order to buy back its shares, Overgas has taken out a loan of 117 million euros, Capital writes.

The Bulgarian gas company Overgas maintains 2,100 km of the country's gas distribution network and supplies gas to 51 municipalities in the country.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News gas Gazprom Moscow Overgas Russia

More from category

Long lines of trucks and cars at the border with Turkiye

Long lines of trucks and cars have formed at the border with Turkiye, reported Nova TV. The line of trucks on the Maritsa motorway has reached Svilengrad and is over 12 kilometres long, which is due to the increased traffic before the holidays...

published on 12/22/24 5:21 PM

Monday will be cloudy and windy

During the night, the cloud cover will increase from the west, but there will still be no precipitation. The weather will remain clear in the eastern parts of the country. The lowest temperatures will range from minus 3°C to 2°C, slightly higher in..

published on 12/22/24 5:20 PM

A new lane is being built at Kulata border checkpoint due to Bulgaria's entry into Schengen

The renovation of the Kulata border checkpoint has begun in connection with Bulgaria's upcoming entry into Schengen on January 1. There will be two lanes in each direction before the checkpoint. A new 200-meter lane is being built on Bulgarian..

published on 12/22/24 3:10 PM