RUSSIAN ENERGY MERGERS PROCEED, BUT MOTIVES ARE SOMETIMES MURKY
April 1st, 2016
The world of mergers and acquisitions in the Russian oil and gas sector can sometimes be as opaque as a matryoshka doll: political interference and considerations are often almost as important as business ones; and takeovers can fall through at the last moment, even as parts of the Russian state's energy holdings discuss mergers with private national players.
The longest running saga has involved the would-be merger between Gazprom and T Plus (formerly called KES Holding), an energy company controlled by the billionaire Viktor Vekselberg. The move would create ...
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