Gazprom selling Zapsibgazprom, GazpromPurInvest
MOSCOW. Oct 4 (Interfax) - Gazprom is selling a controlling stake (76.48% of shares) in OJSC Zapsibgazprom , whose revenue approaches a billion rubles, at a starting price of 127.5 million rubles, the gas monopoly said in a statement.
The trades will occur on November 6.
Zapsibgazprom is a large conglomerate of oil and gas construction, machine-building and chemicals assets that has been operating at a loss to the tune of hundreds of millions of rubles for many years. In 2007 Gazprom transferred its stake in the company to the trust management of Metropol.
Metropol has not yet commented on the situation with the sale of Gazprom's stake in Zapsibgazprom. Three of the largest players on the Russian oil and gas construction market polled by Interfax found no interest in this asset.
Also on November 6, the Russian gas major will sell 99.99% of LLC GazpromPurInvest at a starting price of 2.7 billion rubles. It is not entirely clear just what GazpromPurInvest does. In its asset sale statement, Gazprom writes that the company engages in "consulting services on issues related to business activity and in the area of law to companies and individuals, operations with mobile and immobile property, and financial activities."
There is little information on GazpromPurInvest's actual activities. In 2008 the structure was involved an asset swap between Gazprom and NOVATEK . Now almost all of its assets make up the subsidiary company LLC GazpromPurInvest-Tyumen.