23 Jun 2011 16:40

Gazprom Neft board to elect chairman at July 1 meeting

MOSCOW. June 23 (Interfax) - The new board of directors at Gazprom Neft will elect a chairman at a meeting on July 1, the company said in a statement.

Gazprom CEO Alexei Miller is the current board chairman.

The board will also discuss the issue of raising an unsecured club loan.

Gazprom Neft reported in April that it had reached agreement on a five-year, unsecured club loan totaling $600 million at LIBOR+1.5%. The participating banks include Bank of America N.A., Citibank N.A., HSBC Bank PLC, ING Bank N.V., Mizuho Corporate Bank Nederland N.V. and Sumitomo Mitsui Banking Corporation Europe Limited.

RTS$#&: GAZP, SBER, SIBN