25 Jul 2014 10:10

Total boosts stake in Novatek to 18.2%

MOSCOW. July 25 (Interfax) - French Total has increased its stake in Russian independent gas producer Novatek to 18.2%, a source familiar with the situation told Interfax.

Total is maintaining plans to raise its stake to 19.4%, despite the sanctions imposed against Novatek.

Total owned just over 17% of Novatek shares as of the end of the first quarter of 2014.