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Gazprom raised $1 billion from sale of extraneous assets
21.05.2009 18:37
Gazprom raised $1 billion from sale of extraneous assets
Gazprom Hotel

Having divested assets that didn't belong to the main business, Gazprom raised over $1 billion in 2008.
      
      The biggest deal of 2008 was the sale of five development and construction subsidiaries for 8.3 billion rubles. Besides, Gazprom received 4.5 billion rubles as a next payment for the media assets, including two federal TV channels, sold in 2005 to Gazprombank.
      
      The Russian gas monopolist is a well-known “collector” of non-core assets having nothing to do with gas production, but still bearing the name of Gazprom, e.g. restaurants, bath-houses and holiday hotels.
      
      source:
      www.lenta.ru


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