Serbia Expects to Pay $26 Million for Yugorosgaz Stake, NIN Says

Srbijagas JP, Serbia’s natural-gas monopoly, expects to pay 20 million euros ($26 million) to buy back a 25 percent stake in Yugorosgaz AD, its joint venture with Gazprom OAO (GAZP), the NIN newspaper reported, citing Srbijagas’ chief.

The Serbian state-owned company would finance the purchase with a loan from the European Bank for Reconstruction and Development, and details of the transaction to restore Serbijagas’ 50 percent ownership in the venture may be agreed upon during a March 27 visit to Belgrade by Gazprom Chairman Alexei Miller, the newspaper quoted Serbijagas Chief Executive Officer Dusan Bajatovic as saying.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.