Overgas, founded in 1991, operates a total of 2,400 kilometers of natural gas distribution pipelines in Bulgaria. The company invested over 340 million euros in the construction of distribution pipelines to date.
Russian gas company Gazprom announced that its Board of Directors approved a decision to divest its 50 % direct and indirect interest in Bulgarian natural gas supplier Overgas for 15.5 million euros.
According to the statement filed to the Moscow Stock Exchange, Gazprom will divest 0.49 % stake in Overgas for 151,900 euros, while its subsidiary Gazprom Export will divest a 49.51 % stake for 15,348,100 euros.
