Gazprom discusses the sale of part of Gazprom Neft shares to the market

"Gazprom" discusses the sale of part of the shares "Gazprom Neft" to the market "Gazprom (MCX: GAZP)" discusses the possibility of selling shares "Gazprom Neft" on the market, CFO said "Gazprom Neft" Alexey Yankevich during the dialogue with investors organized by "VTB (MCX: VTBR) My investments".

"I would like to "Gazprom Neft (MCX: SIBN)" entered the indices, but this requires 10% free float, now it has "Gazprom Neft" more than 5%. Option (selling part of shares "Gazprom Neft") only one - if "Gazprom" will sell part of its share to the market. Now this topic is being discussed. Issue on the agenda, decision for the shareholder", - he said.

Due to low free float, Yankevich considers redemption of shares unlikely "Gazprom Neft" from the market. According to him, "buyback opportunities are largely limited, since the free float is already low".

"We will, of course, look, but, in my opinion, this is not so likely. Although we may think about it at some point", - said the top manager.

Yankevich also added that "Gazprom Neft" will continue the practice of paying dividends twice a year.