Gazprom has put its shares in a number of subsidiary construction companies up for auction. The assets on the block include shares in Lengazspetsstroi and Spetsgazremstroi, which are actively traded on RTS board. In our view, the decision was sparked by the gas company's intention to simplify its corporate structure by divesting non-core assets. We expect new auctions for Gazprom assets.
Vladimir Sergievskiy
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Sector:
Construction
Company:
Lengazspetsstroy
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