Gazprom sells its share in Turkish Bosphorus Gaz

  02 October 2018    Read: 4649
Gazprom sells its share in Turkish Bosphorus Gaz

Russia's Gazprom sold its 71% stake in Turkish company Bosphorus Gaz, the Turkish company said.

Sen Group, which already holds the remaining 29% share in Bosphorus Gaz, bought Gazprom’s share, according to the companies.

The transaction between Adnan Sen, the general manager of Bosphorus Gaz and Gazprom was completed on September 21, but the transaction's monetary value has not yet been disclosed, Anadolu Agency reported.

Bosphorus Gaz, established in 2003, is a private Turkish company involved in the importation and distribution of gas. In 2004, Gazprom became a major shareholder.


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