| Gazprom’s Headquarters have hosted a working meeting between Alexey Miller, Chairman of Gazprom’s Management Committee and Michael Klein, Chief Executive Officer, Global Banking, Corporate and Investment Banking Vice Chairman of Citibank International.
The parties held talks over cooperation development for Gazprom’s business diversification. In particular, the meeting discussed Citigroup’s preliminary strategy development for Gazprom’s oil business prospecting. Said document must be presented to Gazprom in May 2006.
Alexey Miller and Michael Klein envisaged the prospects of cooperation within Gazprom’s new investment projects’ implementation for Russia’s energy sector and abroad.
Reference:
Citigroup is one of the world’s largest financial institutions.
Citigroup has taken part in providing a number of syndicated loans attracted by Gazprom for Yamal-Europe pipeline construction as well as Citigroup is the leading manager for Gazprom’s Eurobonds’ issue distribution.
In October 2005 Citibank became one of the six lenders in providing syndicated loan to Gazprom for acquisition of Sibneft stock of $13.1 bln.
Citigroup prepared a fairness opinion in the framework of state share increase for Gazprom’s charter capital.
Citigroup has one of the leading positions in developing Gazprom’s oil business strategy.
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