# Gazprom’s board to consider buying shares
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2023-09-06
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: Gazprom's Board Meets to Consider Buying Shares
Meta Description: Stay informed on Gazprom's board meeting to discuss purchasing company shares amid global tensions. Learn more about potential investment opportunities.
URL: https://startupobserver.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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