Rosneftegaz May Buy Vekselberg’s Power Assets, Vedomosti Reports

OAO Rosneftegaz, a Russian state-run holding of which President Vladimir Putin’s ally Igor Sechin is chairman, may buy power assets from billionaire Victor Vekselberg’s ZAO Integrated Energy Systems, Vedomosti reported, citing industry officials it didn’t identify.

Vekselberg’s company owns shares of utilities OAO TGK-5, OAO TGK-6, OAO Volga TGK and OAO TGK-9 and has previously considered merging its power assets with those of OAO Gazprom, the newspaper said.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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