Gazprom Sets Starting Price for Gazprom Bureniye at 4 Billion Roubles

December 14, 2010
Gazprom has set the starting price for Gazprom Bureniye at 4 billion roubles , the company reported in a statement on selling the subsidiary, RBK reports. Bids are being accepted from 13 to 21 December 2010.

The non-core asset could be put up for sale in the first half of 2011. It carries a balance value of 2.73 billion roubles.

Gazprom Bureniye (formerly Burgaz) was established in April 1997 int he wake of restructuring in the gas sector.

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