27 May 2010 14:06

Gazprombank re-acquires gas trader Centrex

MOSCOW. May 27 (Interfax) - Gazprombank purchased 100% of Austria-based gas trading company Centrex in May, the bank said in its earnings report.

Gazprombank paid $212 million for the lead company in the Centrex Group, Centrex Europe Energy & Gas AG, which was founded by Gazprombank but later transferred to IDF Anlagegesellschaft, an investment company affiliated with VTB .

Centrex engages in gas trading in Europe and takes part in production projects in Central Asia.