The Moscow Times
A subsidiary of Gazprom has won a tender to buy the Moscow United Energy Company, or MOEK, according to auction results announced Tuesday, in a bid apparently intended to diversify Gazprom’s business.
Gazprom Energoholding was announced the auction winner after offering to buy the Moscow government’s 89.97 percent stake in the power utility at the starting price of 98.6 billion rubles ($2.9 billion). The other bidder in the auction was Sberenergodevelopment, a subsidiary of Russia’s largest state-controlled bank Sberbank.
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