17 May 2012 17:46

Zarubezhneft may up stake in Alrosa gas assets to 50% by mid-2013 - Alrosa CFO

MOSCOW. May 17 (Interfax) - OJSC Zarubezhneft, which has clinched with Alrosa , Russia's diamond monopoly, an agreement to buy 25% plus one share in CJSC Geotransgas and 26% in Urengoi Gas Company, could wrap up the deal by July 1 and during the rest of the year acquire control over these two companies, Alrosa Vice President and CFO Igor Kulichik said during a conference call on the company's International Financial Reporting Standards (IFRS) financial report for 2011.