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Gazprom OAO’s Subsidiary Signs Contract to Buy Moskovskaya ob"yedinennaya energeticheskaya kompaniya OAO from Moscow Government-Interfax

Thursday, 5 Sep 2013 06:13am EDT 

Interfax reported that LLC Gazprom Energoholding (GEH) and the Moscow Government have signed a purchase-sale contract for 89.98% of Moskovskaya ob"yedinennaya energeticheskaya kompaniya OAO (MOEK), the Russian capital's municipal property department told Interfax. According to regulations, 30 days from the moment of the signing are allocated for payment, the department said. GEH, a wholly owned subsidiary of Gazprom OAO, won an auction to buy 89.98% of MOEK from the Moscow Government on August 13. GEH made the only bid at the auction, at the starting price of RUB 98.6 billion. 

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