Gazprom sells shares to pension fund

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RUSSIA - Russian energy giant Gazprom has approved a deal to sell a 24.8% stake in Gazprombank to non-state pension fund Gazfond.

Following this announcement, the Gazprom board of directors also approved the purchase of a 19.87% stake in Mosenergo, the Moscow power utility. This would see Gazprom's stake in Mosenergo upped...

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