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Novatek Joint Stock Co. ADR (NOVKY)

- Grey Market
NOVKY is defunct.
  • Nov. 20, 2013, 7:08 AM
    • Eni (E) has agreed to sell its 60% stake in Arctic Russia to to Yamal Development, a joint venture owned by Novatek (NOVKY) and GazpromNeft (OGZPY), for $2.94B.
    • "With this sale, Eni monetizes its investment in Siberian upstream assets, which have...significantly matured," the company said.
    • Arctic Russia owns 49% of Severenergia, which holds four licenses for the exploration and production of hydrocarbons in the region of Yamal Nenets in Siberia. (PR)
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