GAZPROM'S MARKET VALUE: $79.4 BLN
REUTERS - Russia's Gazprom (GAZP.MM), the world's largest conventional gas producer, has received bids worth $3.15 billion for 3 percent of its own shares that it decided to sell after the stock hit its highest level in more than a decade.
Gazprom said on Thursday it had received 494 bids that altogether reached 198.89 billion roubles ($3.15 billion) for 2.92% of its own shares.
The stake is worth $2.3 billion, based on Wednesday's closing price and is part of a wider 6.6% stake known as treasury shares that Gazprom holds in itself.
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