Vekselberg Mulls Gazprom Merger

Gazprom and billionaire Viktor Vekselberg’s KES Holding will merge power generation assets to create the country’s largest power company, Interfax reported on Wednesday, citing industry sources. On Thursday Gazprom‘s energy subsidiary Gazprom Energoholding will sign an agreement to acquire KES power assets. In return, KES will receive a stake in the new joint venture. One source quoted by the news agency said KES would receive a 25 […]