Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Total Boosts Stake in Russia’s Novatek to 15%, CFO Says

Don't Miss Out —
Follow us on:

(Corrects amount purchased to 0.3 percent in second paragraph of story initially published April 27.)

April 27 (Bloomberg) -- Total SA boosted its stake in OAO Novatek to 15 percent, according to Chief Financial Officer Patrick de la Chevardiere.

The French oil company acquired about 0.3 percent of Novatek on the market for about $120 million, he said on a conference call on first-quarter earnings.

“There is no emergency” to reach a 19 percent holding, de la Chevardiere said.

To contact the reporter on this story: Tara Patel in Paris at tpatel2@bloomberg.net

To contact the editor responsible for this story: Tara Patel at tpatel2@bloomberg.net