Press Releases and Events
Change of shareholder control
Moscow, 20 December 2010. OAO NOVATEK (“NOVATEK”, or “Company”) today announced a change of control of a shareholder holding more than five percent of the Company’s ordinary shares.
On 20 December 2010,the Company was notified by DHIGNFINOLHU HOLDING LIMITED that it acquired an indirect control over 285 508 031 ordinary shares, representing 9.4% of NOVATEK’s charter capital, from OAO Gazprom.
This equity stake is currently owned by ZGG CAYMAN HOLDING LIMITED, 100% of which had been acquired on 20 December 2010 by DHIGNFINOLHU HOLDING LIMITED, a special purpose entity acting on behalf of OAO Gazprombank in respect of this transaction.
PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company’s subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation.