Gazprom Energy Holding looks for minority shareholders

It plans an IPO in 2016.

Gazprom Energy Holding hopes to hold an IPO of 5-10% of its shares in 2016. It needs funds to settle its debts to Gazprom. To hold an IPO the company needs confidence in the sector’s development. Moreover, Gazprom Energy Holding doesn’t plan to remove the unified share that, according to analysts, might lead to the 30-40% discount at the IPO.

Gazprom Energy Holding would like to hold the IPO in 2016, the company’s head, D. Fedorov said. Investors may be offered 5-10% of shares but it will be necessary to run corporate procedures at Gazprom. Gazprom Energy Holding is not ready to hold the IPO if there are no predictable rules in the energy market and the “market development direction”. In 2015 it is important to form the understanding of a new model of the market which will allow to pay for the necessary capacities in the country more fairly and adequately, D. Fedorov said adding that it will be possible to profitably sell the package then.