Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Russia's Gazprom terminates its stake in Bulgarian company Overgas

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!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Brendo, who is wanted with European arrest warrant, surrenders to the police

Evelin Banev-Brendo, declared an international wanted man, surrendered to the police this morning, the Ministry of the Interior informed. He disappeared after receiving a six-year effective sentence for money laundering. In..

published on 6/24/24 9:24 AM
Minister Tahov

Minister Georgi Tahov discusses the future of EU agriculture in Luxembourg

Bulgarian Minister of Agriculture and Food, Georgi Tahov, participates today in a meeting of the EU Agriculture and Fisheries Council, which is held in Luxembourg.  The Belgian presidency will invite the Council to endorse a set of..

published on 6/24/24 8:25 AM

President starts consultations on cabinet formation

According to the requirements of the Constitution, on June 24, President Rumen Radev starts consultations with representatives of the parliamentary groups in the 50th National Assembly before handing over the first exploratory mandate..

published on 6/24/24 8:05 AM