Change in Shareholding of NOVATEK
MOSCOW, Aug. 5, 2013
MOSCOW, Aug. 5, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK" and/or the
"Company") has received a notice from OOO Santata regarding a decrease in its
equity stake in the Company from 11.75% to 7.125%.
In accordance with a press release for theVolga Group, which includes OOO
Santata, the change is due to repo transactions necessary under financing
terms with international and Russian banks and does not affect the
consolidated shareholding in NOVATEK by the Volga Group.
OAO NOVATEK is Russia's largest independent gas producer and the
second-largest natural gas producer in Russia. Founded in 1994, NOVATEK is
engaged in the exploration, production, processing and marketing of natural
gas and liquid hydrocarbons. Its upstream activities are concentrated in the
prolific Yamal-Nenets Autonomous Region, which is the world's largest natural
gas producing area and accounts for approximately 90% of Russia's natural gas
production and approximately 17% of the world's gas production. NOVATEK is an
open joint stock company established under the laws of the Russian Federation.
NOVATEK's shares and GDRs are listed on MICEX-RTS Stock Exchange in Russia and
the London Stock Exchange (LSE), respectively, under the ticker symbol "NVTK".
SOURCE OAO NOVATEK
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