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2009 September 25   11:29

Gazprom Neft files application to acquire 100% of voting shares in SibirEnergy with FAS

Gazprom Neft's (RTS: SIBN) subsidiary, OOO Gazpromneft   ZS,   has   filed  an  application  with  the  Federal Antimonopoly Service (FAS) to acquire 100% of the voting shares in Sibir

Energy, the FAS said in a statement according to Interfax.

The  FAS  needs  an  additional review of the company's application since the results of the transaction could cause a limit on competition.

Interested  parties  have  the  right  to  provide  the  FAS information concerning the impact of the transaction.

Gazprom  Neft  confirmed  that it had filed an application with the FAS for  the  acquisition  of up to 100% in Sibir Energy. The agency has one month  to  decide on the acquisition but can extend the review up to two months if necessary.

It  was  earlier reported that Gazprom Neft had purchased a control packet (55%  of  shares)  in  April-June  in  Sibir Energy. According to unofficial  reports, the company directly and indirectly controls around 81%, including   the  pledge  for  shares  held  by  businessman   Ruslan Baisarov.  The Moscow government controls over 19% in Sibir Energy. This week, the  mayor's office of Moscow and Gazprom Neft signed a memorandum to manage  Sibir  Energy.  Moscow's  Deputy Mayor, Vladimir Silkin, said that the capital's authorities could make a bid for a blocking packet in Sibir Energy.

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