German energy group E.ON AG (EOAN.XE) is considering swapping its 3.5%
stake in Russian gas giant OAO Gazprom (GAZP.RS) for upstream assets in Russia,
a person familiar with the matter said Tuesday.
"E.ON is considering a number of options, including swapping the stake for
assets in
Russia
,"
the person said. The German company has yet to make a final decision on what to
do with its stake in Gazprom, he added.
E.ON had amassed a 6.5% stake in Gazprom, but last year it exchanged a 3% share
for 25% of the Yuzhno-Russkoye gas field in
Siberia
,
leaving E.ON with a 3.5% Gazprom stake.
Since last year, the company has said its remaining Gazprom stake is a
financial, not a strategic investment.
E.ON
declined to comment on the Gazprom stake.