VEB took the decision to sell the shares of “Gazprom”

The decision on the sale by Vnesheconombank of its package of shares of “Gazprom” as a whole accepted. This was stated by first Deputy Chairman of VEB Andrei Klepach on the sidelines of the Astana economic forum, reports “Interfax”.

“In General, Yes, it is the decision, but the terms of sale, etc. — they are agreed” — he said.

May 20, “Kommersant” reported that “Gazprom” will redeem VEB all of 3.6% of their stock, they cost $ 132 billion rubles. According to the publication, the relevant agreement was reached at the end of April. We are talking about the sale of 2.7%, which VEB had acquired in the form of ADR, the German E. ON in 2010, as well as 0,892% in the form of ordinary shares purchased in 2007. The publication said that the deal, expected to be completed by the end of may.

Commenting on this information, the Minister of economic development Alexei Ulyukayev said that he does not see in this transaction risks. “Gazprom has opportunities without correction of the investment program to do it. There is the possibility of borrowing, refinancing”, — he said, noting that the company “perfect” ratio of debt to EBITDA. “So I do not see any risk in the investment program “Gazprom”, — the Minister said (quoted by “RIA Novosti”).