# Gazprom’s board to consider buying shares
Published: 2023-09-06
Category: News
Category URL: https://tradingherald.com/category/news/
Meta Title: Gazprom Board Considers Buying Shares
Meta Description: Russian gas giant Gazprom's board to discuss purchasing company shares at meeting on Sept. 13 amid sanctions and investor shake-up.
URL: https://tradingherald.com/gazproms-board-to-consider-buying-shares/

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MOSCOW (Reuters) – The board of Russian natural gas giant Gazprom said on Tuesday that it will consider buying shares of the company at a meeting scheduled for Sept. 13.

It did not elaborate in the regulatory filing.

Several Russian companies, such as oil producer Lukoil and retailer Magnit, have announced plans to buy shares from foreign investors, who were deprived of the ability to trade in Russian securities following Western sanctions over Russia’s conflict with Ukraine and Moscow’s counter-measures.

It was not immediately clear whether Gazprom’s announcement may mean it is also considering such a move.

(Reporting by Vladimir Soldatkin; Editing by Sandra Maler)


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