Bloomberg News

Gazprombank Venture in Serbia Expected in Second Half, Blic Says

March 12, 2012

OAO Gazprombank (GZPR), a lending affiliate of Russia’s gas-export monopoly OAO Gazprom (GAZP), will have a venture operating in Serbia in the second half of the year with Serbian gas monopoly Srbijagas, Blic newspaper reported, citing Srbijagas’s general director.

Gazprombank will own two-thirds of the new bank, seen as a greenfield investment supporting projects such as the South Stream pipeline section through Serbia, a gas depot and a gas- fired power plant, Blic quoted Dusan Bajatovic as saying.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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