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Gazprom Energoholding Considering Acquisition of REP Holding

Source: www.gulfoilandgas.com 10/3/2019, Location: Asia

Denis Fyodorov, Director General of Gazprom Energoholding, and Igor Zhilkin, Managing Director of GPB Asset Development, today signed at the 9th St. Petersburg International Gas Forum an agreement on the basic terms for the acquisition of REP Holding.

The agreement sets out the parties' intentions to consider the possibility of concluding a deal on the acquisition of REP Holding's shares by Gazprom Energoholding. The document defines, inter alia, the procedure for holding negotiations and the key terms of the possible transaction. The agreement is not legally binding, and the final parameters of the deal will be specified in binding documents after the required approvals are obtained.

It is anticipated that, if the deal comes through, Gazprom Energoholding will gain control over REP Holding (100 per cent of the authorized capital) and its companies, including Nevsky Zavod (100 per cent) and Electropult-Sistema (51 per cent).

The acquisition of REP Holding will allow Gazprom Energoholding to become a major producer of power equipment and to secure a full cycle of production, installation and after-sales services. In particular, the facilities of REP Holding may be used to launch domestic production of various types of equipment, including high-power gas turbines.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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