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. Last Updated: 07/27/2016

Gazprom Stock Rises at Auction

A stake of 10 million shares in the gas monopoly Gazprom was sold at auction Friday at an average of 2,082.2 rubles (about 40 cents) per share, up from 1,673.66 rubles at an auction last week, the Federal Securities Corp. said Friday.

The starting price in the latest auction was 1,590 rubles per share, and the 50 lots were sold at prices ranging from 1,820 rubles to 2.211 rubles a share, it said in a statement. The stake represented 0.042 percent of Gazprom stock.

The auction raised 20.82 billion rubles. In all, 96 million Gazprom shares have changed hands since auctions begin March 8, when shares sold initially for an average of 406.6 rubles each.