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Gazprom

January 19, 2005

Alexey Miller: “Gazprom’s share market to be liberalized in full”

The latest mass media reports on alleged changes in the preset plans to liberalize Gazprom’s share market have been speculative about challenges arising with regards to exchanging Gazprom and Rosneft’s shares and that the quota of Gazprom’s non-resident shareholders will remain to be within a 20% range. As a corollary to this, a string of reporters stated that the RF Government was not ready yet to boost its Gazprom’s share to a controlling stake.

To this end, Alexey Miller, Gazprom’s Management Committee Chairman maintained that “gearing up for the Gazprom’s share market liberalization was progressing under the schedule and in strict compliance with the RF President and Government’s directives”.

“The Rosneft deal placing Gazprom’s controlling interests in the State hands is to be closed within a short time, at the 1st stage of the liberalization. Gazprom’s share market will be liberalized in full with the resultant elimination of the existing non-resident shareholding ceiling,” – said Alexey Miller emphasizing that this was a common stance of Gazprom’s Board of Directors’ Members representing the State.

DIVISION OF RELATIONS WITH MASS MEDIA

 

 

 

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