Gazprom, BASF to Close Asset Swap Deal in 20

Chemical News: Gazprom, BASF to Close Asset Swap Deal in 20

https://www.chemnet.com Sep 11,2013 Wall Street Journal
MOSCOW--Russian state gas firm OAO Gazprom (GAZP.RS) said Monday it will close an asset-swap deal with BASF SE (BAS.XE) in 2014, a year later than planned.

Gazprom agreed in November last year to give BASF two stakes in a West Siberia gas field in return for 100% ownership of a gas trading and storage joint venture it operates with the German firm and a stake in a North Sea gas producer.

Gazprom said then it expected to close the deal by the end of 2013.

Gazprom said in a statement Wednesday that a final agreement on the sale will be signed in 2013, and the deal will be closed in 2014.
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