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Gazprom, Renova do not file 2nd request to FAS on assets merger

July 31, 2012, 16:08 UTC+3
Last July, it became known that Gazprom and Renova signed an agreement of intent
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MOSCOW, July 31 (Itar-Tass) — Gazprom and Renova Group have not filed a second application to the Russian Federal Antimonopoly Service (FAS) for the merger of theirs energy assets, FAS head Igor Artemyev said on Tuesday. “I hope that this deal has already ‘died,’” he told journalists.

Last July, it became known that Gazprom and Renova signed an agreement of intent that provided for the merger of the companies’ assets. According to the document, it was intended to unite energy assets on the basis of the Gazprom Energoholding company. Last September, the companies filed a request to the FAS on the merger of their energy assets, but the antimonopoly authority blocked the deal. In December, the companies withdrew from the FAS the request for the creation of a joint venture with Renova.

In early 2012, the companies announced that the coordination of positions for filing a new application to the FAS will “soon” be completed. The companies have not yet finally refused from the plans to merge their assets.

 

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