Support The Moscow Times!

$120M Invested in Gazprom

Prosperity Capital Management, the largest Russia-focused equity investor, has invested $120 million, or 10 percent of its total fund, in Gazprom, buying shares in the gas export monopoly for the first time in 13 years as they trade near record lows.

Mattias Westman, Prosperity’s chief executive, who helps manage $4.5 billion, said in an interview Nov. 19 that “these gigantic hydrocarbon producers are not very pretty, but the potential is substantial when you get them this cheap.”

(Bloomberg)


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.