Gazprom's subsidiaries are withdrawing petitions to FAS with regard to acquisition of 50% + 1 share in SUEK

09.06.08 - 15:42 ... source : Gazprom

... Gazprom's subsidiaries are withdrawing the petitions to the Federal Antimonopoly Service with regard to the acquisition of a 50 per cent plus one share stake in SUEK. The uncertainty about the behavior of the electric power and capacity market, the scope of investment programs in the power sector and the development of network infrastructure makes it difficult to provide a precise and consistent evaluation of the company's market potential. At the same time, the fulfillment of the proposed structural and behavioral requirements for Gazprom and SUEK would considerably hinder the implementation of the company's projected strategy. To this end, Gazprom and SUEK's shareholders decided to stop the talks about the power and coal asset merger based on SUEK and to focus on their own strategies in power generation. At the same time, th ...» Next (HTML)