Gazprom Said to Seek Exemption From Dividend Rule to Aid VEB

  • Gazprom said to cite costs of potential share buyback from VEB
  • State may support proposal on lower dividend, official says

Gazprom PJSC is asking the Russian government for a waiver from a new rule on dividends because the natural gas supplier may need to preserve cash to help bail out the state development bank, according to an official with knowledge of the matter.

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