Russia's Novatek to pay $900 mln for Sibneftegaz

Novatek, Russia's biggest independent gas producer, said on Tuesday it would pay $900 million for Sibneftegaz, the latest acquisition in its strategy to increase its asset base.
Chief Financial Officer Mark Gyetvay said the total size of the deal, including Sibneftegaz's 11 billion rouble ($354 million) debt, would be nearly $1.2 billion.
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Source: Reuters