Russia's Vnesheconombank's (VEB) acquisition of a 2.7% stake in the country's largest state-controlled gas export monopoly Gazprom from E.ON Ruhrgas is a long-term strategic investment, Vnesheconombank head Vladimir Dmitriyev said on Friday.
"We are not intending to sell it, because it is a long-term investment," Dmitriyev said. "We have acquired this stake to manage our surplus liquidity as a strategic investment."
He declined to mention the volume of the deal saying the shares were bought at market price and the bank expected them to show good growth.
SOCHI, Russia, December 3 (RIA Novosti)
