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Reuters: Russia’s competition watchdog delays Gazprom Neft, Shell deal by three months

NOVEMBER 14, 2019 / 2:30 PM

MOSCOW (Reuters) – Russia’s competition watchdog said on Thursday it had decided to delay by three months Shell’s (RDSa.L) purchase of 9.3 billion roubles ($145.73 million) worth of shares in a subsidiary of Russian oil producer Gazprom Neft (SIBN.MM).

Shell is expected to buy a 50% stake in Meretoyakhaneftegaz, a Gazprom Neft subsidiary which holds licensing rights to the Meretoyakhinskoye oil field.

Reporting by Darya Korsunskaya and Gabrielle Tétrault-Farber; Writing by Polina Ivanova; Editing by Jan Harvey

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