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Vnesheconombank has no intention to sell its stake in Gazprom

October 18, 2011, 15:46 UTC+3
About the possibility of borrowing with eurobonds VEB chief Vladimir Dmitriyev said,” There are no plans for doing this by the end of the year”
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DONETSK, October 18 (Itar-Tass) —— Russia’s Vnesheconombank has no intention to sell its stake in Gazprom, VEB chief Vladimir Dmitriyev told the media on Tuesday.

Asked if VEB had any plans for selling up its package of Gazprom shares, Dmitriyev responded with another question, “Is there anyone eager to sell anything on a market like this?”

He added, though, that the future of the shares in question would “depend on the situation.”

About the possibility of borrowing with eurobonds Dmitriyev said,” There are no plans for doing this by the end of the year.”

In 2010 Vnesheconombank borrowings totaled 8,2 billion dollars – 3.2 borrowed with Eurobonds, and 25 billion rubles and 1 billion dollars drawn on the domestic market. About one billion dollars was drawn in the form of a syndicated loan and another 2.5 dollars, as tied loans, including those against the security of export agencies.

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