Gazprombank Asset Management CJSC signed an agreement to acquire 29.40187% percent stake in PJSC Enel Russia from Enel SpA (BIT:ENEL) on June 16, 2022. In a related transaction, PJSC LUKOIL (MISX:LKOH) agreed to acquire a 26.9% stake in in PJSC Enel Russia from Enel SpA on June 16, 2022. The combined consideration comprises of approximately €140 million.

PJSC Lukoil will receive 9.5 billion shares, and Gazprombank will recieve 10.4 billion shares in Enel Russia as a result of the deal. The completion of this operation is scheduled for the third quarter of this year and is subject to a series of conditions, such as the approval of the Russian authorities competent in foreign investment and antitrust. As of September 30, 2022 government approved the deal.