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Monday, January 16, 2006

Gazprom to get Gazprombank's share in RosUkrEnergo

MOSCOW, January 16 (RIA Novosti) - Gazprombank's share in RosUkrEnergo is to be transferred to Gazprom, the Russian energy giant's Deputy CEO Alexander Medvedev said Monday. "In the light of the forthcoming privatization of Gazprombank, we have in principle decided to transfer the RosUkrEnergo shares to Gazprom," Medvedev said. Gazprombank - a subsidiary of Gazprom - is the direct owner of a 50% stake in RosUkrEnergo, the company that is being used to supply gas from the Russia system to Ukraine. The rest of the company is in the hands of Austrian bank Raiffeisen. RosUkrEnergo is a focus of concern among critics of the Ukrainian government that was dismissed last week by a parliamentary vote, with increasing calls for the ultimate owners of the company to be revealed. Gazprombank's board of directors approved the transfer of the stake Monday, Medvedev said.

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