Inter RAO
In January 2011, a Russian power producer Inter RAO announced that it will acquire REDI, which holds 49% take in Northgas for US$1.5 billion. Inter RAO made similar offer to Gazprom to acquire a full control of the company. However, this transaction was not completed. In 2012, the stake owned by REDI was acquired by Novatek for $1.4 billion. In 2013, Gazprom transferred additional 1% of shares to Novatek and two companies became equal partners.