Bloomberg News

Inter RAO, Gazprom to Divide Vekselberg Assets, Kommersant Says

March 04, 2012

OAO Inter RAO UES, Russia’s state- run power generator and trader, may gain control in OAO TGK-6 utility via an asset swap with OAO Gazprom, Kommersant reported, citing Chief Executive Officer Boris Kovalchuk.

Gazprom last year agreed to merge power assets with billionaire Viktor Vekselberg’s utilities including TGK-6 and TGK-7 and to gain control in the united company. Should the merger proceed, Inter RAO may exchange its 32 percent stake in TGK-7 for 42 percent of TGK-6 and cash, the newspaper said.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus