Gazprom Board of Directors meeting in absentia has been held.
The Board of Directors approved Gazprom’s purchase of two stock holdings in Sibneft (72.663% and 3.016%).
On September 28, 2005, Gazprom and Millhouse Capital signed binding documents regarding the purchase of 72.663% of Sibneft shares. The deal is valued at US$ 13.091 billion.
Earlier Gazprom signed the deal to purchase 3.016% of Sibneft stock from Gazprombank.
Consequently Gazprom has gained control of 75.679% of Sibneft shares.
Gazprom Management Committee approved these deals on September 28, 2005.