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    GAZP   RU0007661625

GAZPROM

(GAZP)
  Report
End-of-day quote Moscow Micex - RTS  -  2022-07-07
198.00 RUB   +0.04%
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies
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German gas importer Sefe: current funds insufficient for procurement

09/27/2022 | 06:41am EST

FRANKFURT (Reuters) - Sefe, the German gas importer formerly known as Gazprom Germania, said funds made available by the government to replace lacking Russian volumes on the spot market were not enough, adding Berlin was working out the company's ownership issues.

"We cannot fully fund the re-procurement with the funds now available," Sefe's managing director Egbert Laege said during the Handelsblatt Gas summit, adding the company was supporting Berlin in its efforts to find a solution.

Gazprom Germania was ditched by Gazprom earlier this year and put under German trusteeship as a result to avoid the collapse of the company. It has secured a 9.8 billion euro ($9.4 billion) credit line from state lender KfW to keep buying gas.

Sources told Reuters last week that the government was considering a capital cut at Sefe and buying in as part of a move to nationalise the company, which would result in the expropriation of Sefe's Russian owner.

Laege's comments come less than a week after Berlin's decision to nationalise Uniper, formerly Germany's largest importer of Russian gas, in a bailout that has so far totalled 29 billion euros.

($1 = 1.0391 euros)

(Reporting by Christoph Steitz; Editing by Madeline Chambers and Miranda Murray)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GAZPROM 0.04% 198 End-of-day quote.-42.32%
UNIPER SE -4.91% 5.23 Delayed Quote.-86.84%
All news about GAZPROM
11/28Nord Stream updates Russia-Germany pipeline outage end-date to April next year
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Analyst Recommendations on GAZPROM
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Financials (USD)
Sales 2021 10 241 B 162 B 162 B
Net income 2021 2 093 B 33 210 M 33 210 M
Net Debt 2021 2 927 B 46 436 M 46 436 M
P/E ratio 2021 0,05x
Yield 2021 1 143%
Capitalization 4 682 B 76 992 M 74 282 M
EV / Sales 2020 1,44x
EV / Sales 2021 1,08x
Nbr of Employees 468 000
Free-Float 50,5%
Chart GAZPROM
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Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 198,00
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Denis Vladimirovich Fedorov Head-Marketing & Administration Department
Yuri Stanislavovich Nosov Head-Administration Department
Timur Askarovich Kulibayev Independent Director
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