11 May 2004 09:39
Ruhrgas supports Gazprom market liberalization
"This is the right move," he said.
He also said that the government needs to take concrete
ESSEN. May 11 (Interfax) - Germany's Ruhrgas supports the liberalization of the Gazprom share market, Ruhrgas
CEO Burckhard Bergmann told journalists.
Ruhrgas owns 6.43% of shares in Gazprom.
The final aim of liberalizing the market is to unite the
steps, as it has a majority on the Gazprom board of directors. "When liberalizing the market the state should
observe its interests and maintain its stake in Gazprom," Bergmann said.
domestic and external markets for the company's shares. The gradual liberalization process includes total
freedom to trade Gazprom shares on the domestic market, on all exchanges with a license from the Federal Securities
Commission. This liberalization will also involve lifting restrictions on depository operations with shares belonging to
Russian market participants. It is also planned to fill the 20% quota for foreign market participants and to set up a
single depository to protect the rights of foreign shareholders. [RU EUROPE ASIA EEU EMRG ELG NGS STX DE] rd
[Interfax] |
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