Source Pravda.Ru

European Commission approves Gazprom's purchase in Slovakia

The European Commission approved the purchase of a 49-percent stake in the Slovak company SPP by the Russian gas monopolist Gazprom, Ruhrgas and Gaz de France, a source in Gazprom reported to RBC.

The deal worth $2.7bn will be financed by Ruhrgas and Gaz de France. Gazprom will pay a third of this sum in installments.

Gazprom is making a part of natural gas supplies to Europe via the SPP pipeline system. This company is transporting about 70 percent of all gas supplied from Russia to Europe.

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