“Gazprom” will freeze the level of dividends for three years and sell off assets – RBC

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Gazprom intends to freeze the payment of dividends at the level of 2016 over the next three years. The company also will sell assets of 350 billion roubles and will increase in 2017 borrowing by more than 50%

“Gazprom” plans to freeze the level of dividend payments in the next three years at the level of 2016. About it reports Bloomberg with reference to the budget of gas monopoly in 2017-2019, which is at the disposal of the Agency.

in Addition to the freezing of dividends to the company in 2017 plans to sell assets, which, according to the document, should bring “to Gazprom” about 350 billion rubles. the Company also plans to increase the amount of borrowing in 2017, 53% compared to the previous year (up to 288 bn). The amount of borrowing by 2018 will reach 705 billion rubles, follows from the document, approved by the Board of Directors of “Gazprom” in December 2016.

According to two sources familiar with the matter Bloomberg, a final decision on the sale of assets and the time frame of these deals yet.

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the Representative of “Gazprom” refused to comment on reports that plans for payment of dividends, sale of assets and borrowings of Gazprom, described the three-year budget of the company.

According to the document, in case oil prices (support prices for gas) will remain on current values, then the company will have to increase borrowing to provide liquidity and to cover debt obligations. To increase the volume of borrowings, the company will have even with a decrease in investment activity.

according to Bloomberg, “Gazprom” did not undertake such a large-scale sale of assets in 2010. Then Gazprom sold 9.4% in NOVATEK for 57.5 billion rubles Remaining gas monopoly 9.9 percent in NOVATEK was then put up for sale. Now, the market value of this asset amounts to 215 billion rubles, the Share of “Gazprom” NOVATEK may be a candidate for sale, says Bloomberg, Raiffeisen analyst Andrei Polishchuk. According to sources Bloomberg, “Gazprom” really is considering the sale of a stake in NOVATEK as one of the scenarios.

In 2015, the total amount of dividends paid to “Gazprom” amounted to 186,784 billion rubles, while the share of the state had 93,429 billion rubles.

As announced on 20 January at a meeting with President Vladimir Putin the head of “Gazprom” Alexei Miller, at the end of 2016, the share of Gazprom on the European gas market was a record 34%. At the beginning of 2017, the company several times updated the historical record of daily gas deliveries in the far abroad. As Miller told Putin on 20 January, the last record was set at the amount of 627,2 million cubic meters.

With the participation of Lyudmila Podobedova