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Russian government Approves Gazprom OAO's Plan to Sell Non-Core Assets, Including Gazprom avtomatizatsiya OAO and Spetsgazavtotrans OAO Gazprom DOAO-Interfax

Friday, 13 Sep 2013 02:22am EDT 

Interfax reported that the Russian government has given the go-ahead for Gazprom OAO (Gazprom) to sell shares in Gazprom avtomatizatsiya OAO, OJSC Tsentrgaz and Spetsgazavtotrans OAO Gazprom DOAO (Spetsgazavtotrans), according to an order published in the database of regulatory and legal documents. This refers to the sale of Gazprom's 773,595 shares or 49.62% of stock in Moscow-based Gazprom avtomatizatsiya OAO; 807,067,013 shares (99.99%) in Tula-based Tsentrgaz; and 498,112 shares (51%) in Izhevsk-based Spetsgazavtotrans. The shares are supposed to be sold at auction with open bids and starting prices that are no less than the market price, determined based on a report from an independent appraiser, the order states. Gazprom has put together a three-year program, from the second half of 2013 through the first half of 2016, to dispose of non-core assets with a combined remaining book value of RUB 9 billion. The biggest of these assets are ten drilling rigs located at the Bovanenkovskoye oil and gas condensate field on the Yamal Peninsula, worth a total of RUB 5.137 billion. 

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