E.ON sells stake in Gazprom for £2.8bn
Thursday 02 December 2010
E.ON has sold its 3.5 per cent stake in the Russian gas monopoly Gazprom for €3.4bn (£2.8bn). The German energy giant, which is raising money to expand outside Europe, sold 2.7 per cent to the Russian state bank VEB and 0.8 per cent on the stock market. As its earnings in Europe drop due to a tax on its nuclear power plants in Germany and demand falls due to the economic crisis, E.ON is seeking to lower its €45bn debt burden and raise money to expand outside the continent.
The company plans to generate €15bn through divestments in the next three years.
Simon Calder looks at communities fighting back against the poachers
Arsenal 1 Everton 1: Substitute equalises with six minutes to go
booksGeese, gorillas, grandads... and growing up
- 1 Hundreds arrested as Canadian police smash worldwide paedophile ring
- 2 Sherlock series 3: Benedict Cumberbatch and Martin Freeman provide teasers for the biggest comeback in British television
- 3 The man who made Femen: New film outs Victor Svyatski as the mastermind behind the protest group and its breast-baring stunts
- 4 Mass murder in the Middle East is funded by our friends the Saudis
- 5 Japan cracks down on leaks after scandal of Fukushima nuclear power plant
- < Previous
- Next >
iJobs Money & Business
£25000 - £50000 per annum + Benefits + Bonus: Harrington Starr: C++ Server Dev...
£300 - £350 per day: Harrington Starr: Leading Electronic Trading Software Ven...
£80000 - £100000 per annum + benefits + bonus: Harrington Starr: Project Manag...
£50000 - £60000 per annum + benefits + bonus: Harrington Starr: Business Analy...