Gazprombank May Buy More Stock in Power Company OGK-5
This article is for subscribers only.
OAO Gazprom, the world's biggest natural-gas company, may increase its stake in Russian electricity producer OGK-5 so it can influence company decisions as the government restructures the power industry.
ZAO Gazprombank, the gas company's banking arm, bought some shares in the power generator's initial public offering last month and may seek to buy all of a 25 percent stake that will be sold next year, Gazprombank Deputy Chief Executive Officer Alexei Matveev told reporters in Moscow today. OGK-5 is controlled by national utility OAO Unified Energy System.