Gazprom to acquire minority stakes in E.On's Hungarian companies
Gazprom will receive minority interests of 50% minus one share in the Hungarian gas companies E.ON Földgáz Storage and E.ON Földgáz Trade, a stake of 25% plus one share in the regional power and gas supplier E.ON Hungária and a compensation still to be quantified, Bloomberg reported citing Dow Jones.
E.ON and Gazprom intend to conclude a detailed agreement on the exchange of assets by the end of the year. The envisaged Gazprom shareholdings in Hungary are subject to approval by the European Commission and Hungarian authorities.
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