Russian state gas firm OAO Gazprom (GAZP.RS) said Monday it will close an asset-swap deal with BASF SE (BAS.XE) in 2014, a year later than planned.
Gazprom agreed in November last year to give BASF two stakes in a West Siberia gas field in return for 100% ownership of a gas trading and storage joint venture it operates with the German firm and a stake in a North Sea gas producer.
Gazprom said then it expected to close the deal by the end of 2013.
Gazprom said in a statement Wednesday that a final agreement on the sale will be signed in 2013, and the deal will be closed in 2014.
Source:
http://news.chemnet.com/Chemical-News/detail-2150850.html
