E.ON could sell gas pipeline stake to GDF-report
FRANKFURT, April 18 (Reuters) - German power utility E.ON (EONGn.DE: Quote, Profile, Research) is in talks with Gaz de France (GDZ.PA: Quote, Profile, Research) about selling part of its stake in the Nord Stream gas pipeline joint venture to the French energy group, a German business weekly reported on Saturday.
"This is being negotiated. We could possibly be prepared to give up a 4.5 percent stake," WirtschaftsWoche magazine quoted E.ON Chief Executive Wulf Bernotat as saying.
An E.ON spokesman confirmed to Reuters that Bernotat had been quoted accurately.
E.ON owns 20 percent of the joint venture set up in 2005 to bring natural gas from Russia to western Europe via a 1,200 km Baltic Sea pipeline.
Russia's Gazprom (GAZP.MM: Quote, Profile, Research) owns 51 percent of Nord Stream, Wintershall Holding, the gas arm of German chemicals group BASF (BASF.DE: Quote, Profile, Research), 20 percent and Dutch N.V. Nederlandse Gasunie 9 percent. (Reporting by Peter Starck)
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