BELARUS NEWS AND ANALYSIS

DATE:

07/06/2007

Belarusian Gas Company Transfers 12.5 Percent Stake To Russia's Gazprom

Belarus's gas-pipeline network Beltranshaz transferred a 12.5 percent stake to Russian gas monopoly Gazprom on June 6, Belapan reported, quoting Valery Kramar, an aide to the chairman of the State Property Committee. Gazprom paid $625 million for the stake a few days before the transfer. Beltranshaz is now set to hold a shareholders' meeting to agree on changing the company's executive board to include a Gazprom representative. Under an agreement signed in Moscow on December 31, 2006, Gazprom is to acquire a 50 percent stake worth $2.5 billion in Beltranshaz by June 1, 2010, to form a joint gas-transport company. The payment this month was the first of four 12.5 percent installments to be paid between 2007 and 2010. AM

Source:

http://www.rferl.org/newsline/2007/06/3-cee/cee-070607.asp