PetroVietnam Gas Corporation (PVGas) will buy more than 15 million
shares in natural gas dealer CNG Vietnam JSC (CNG), equal to 56 per cent
of the company''s capital.
PetroVietnam Southern Gas (PGS) approved the divestment of its 14.9
million shares, a 55.2 per cent stake, in natural gas producer CNG
Vietnam Joint Stock Company (CNG) yesterday.
CNG Viet Nam planned to divest all of its holdings in PV Gas (GAS) next
month, selling 100,000 GAS shares with the aim of restructuring its
investment portfolio, the company announced.