Logo
  Friday, November 15, 2019
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

German Gref said the idea of the expansion of Gazprom's monopolistic activity was "not the best one."
Minister of Economic Development and Trade German Gref said the idea of the expansion of Gazprom's monopolistic activity was "not the best one." "It seems to me that it is not the best idea [for Gazprom] to expand its monopolistic activity," Mr. Gref said. "Without competition you will not get low prices and good services," the minister pointed out. However, he said that he was still unsure whether the threat of the expansion of Gazprom's monopolistic activity existed. "I cannot say that such a threat does exist," he said. "I do not know Gazprom's concrete plans yet. There is only one application [from Gazprom head Alexei Miller], so it is two early to say something definite." Mr. Miller said Gazprom was moving "toward gas generation." "Presently, the Gazprom group has acquired more than 10% of the shares of the RAO Unified Energy Systems of Russia and a considerable package of Mosenergo shares," Mr. Miller said. On Thursday, Chairman of the supervisory council of the Renaissance Capital investment group Alexander Shokhin said Gazprom could buy Yuganskneftegaz after the conditions of its sale are specified. According to Mr. Shokhin, the purpose of Gazprom's purchase of Unified Systems of Russia and the Mosenergo shares might be to sell them to purchase Yuganskneftegaz. Mr. Gref said that the state should be involved in coordinating the choice of an evaluator for the Gazprom-Rosneft merger. "Today we are choosing an evaluator," Mr. Gref said. "The choice must me coordinated with the state." The press service of the Ministry of Economic Development and Trade told RIA Novosti that an evaluator must be approved by the Gazprom Board of Directors, which also contained representatives of the state. Mr. Miller said on Thursday, Gazprom's merger with Rosneft will be completed before the end of the year. He specified that the deal includes the evaluation of Rosneft and Gazprom and the necessary procedural decisions by the state, the Board of Directors of Gazprom and its shareholders. On Thursday evening, the Gazprom press service reported that the Dresdner Kleiwort Wasserstein bank will be a financial consultant on structuring the deal and will evaluate Rosneft's assets as well as OAO Gazprom's package base on the balance of the company's subsidiaries. Gazprom also reported that Deutsche Bank and Citi Group would independently evaluate the fairness of the deal with regard to its structure and the valuation of the assets.
Print German Gref said the idea of the expansion of Gazprom's monopolistic activity was Bookmark German Gref said the idea of the expansion of Gazprom's monopolistic activity was

Related News   
SepOctober 2004Nov
MoTuWeThFrSaSu
27282930123
45678910
11121314151617
18192021222324
25262728293031
1234567