Gazprom to increase capital in South Stream Serbia by 15 million euros – Serbia, 21 February 2018

The Board of Directors of Russian gas company Gazprom has decided to increase its capital in Swiss-based company South Stream Serbia AG, a joint venture with Serbian gas company Srbijagas, by 15 million euros.
South Stream Serbia AG was established for the purpose of construction of Serbian section of now cancelled South Stream gas pipeline project. Gazprom will subscribe the issue of 51 new shares with a nominal value of 1,000 Swiss francs and a placement price of some 300,000 euros per share. Russian company holds 51 % stake in this joint venture, while Srbijagas owns the remaining 49 %.

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