Gazprom OAO's LLC Gazprom Energoholding Submits Motion for Acquisition of Kvadra - Generiruyushchaya kompaniya OAO-Interfax


Thursday, 21 Mar 2013 03:27am EDT 

Interfax reported that LLC Gazprom Energoholding (GEH), which consolidates Gazprom OAO's generating assets has requested permission from Russia's Federal Anti-Monopoly Service (FAS) to buy Kvadra - Generiruyushchaya kompaniya OAO (Quadra), a GEH spokesman told Interfax. If it secures approval, GEH expects to complete the purchase in June or July. GEH was forced to withdraw a filing to purchase the power assets of Renova in 2011 after it could not reach a consensus with the FAS. Quadra's stock has risen 18% to roughly 11 billion rubles on the MICEX/RTS exchange since a potential deal was first reported. 

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