Russ Oil-Gas

RBC, 27.09.2007, Moscow 11:07:31.Gazprom has placed a bid for OGK-2's additional share issue, the Russian gas holding's press office told RBC today. The submission stipulates a $0.16-$0.20 price range, which corresponds to $515-$631 per kW. The bid was placed by a Gazenergoprombank affiliate. Gazprom's information management department reported that the amount of shares would depend on the flotation price, but that the company would secure no less than 50 percent plus one share in OGK-2, as the power generation company is considered to be one of the target assets in the RAO UES restructuring process. The maximum number of OGK-2 shares Gazprom can buy is not to exceed 51 percent after the additional issue.