Turkey nationalized the assets of Gazprom – media

Турция национализировала актив Газпрома – СМИ

Gazprom and Gazprombank own shares in Akfel Holding, which was nationalized Turkey

In total, the portfolio of Gazprom supplies Russian gas to Turkey for company Akfel group accounts for about 20%.

Turkey in early December, in fact, nationalized Akfel Holding, which own the shares of Gazprom and Gazprombank. Thus the gas dispute with Turkey, “already provided”, said the source of Kommersant.

The largest private importer of Russian gas to Turkey Akfel Holding is actually nationalized by the authorities of emergency decree N674, adopted after the July coup attempt in the country. Gazprom, as specifies the edition, has a minority stake in the holding company, and 60% of th stake in two holding companies owns SP Akfel and Gazprombank.

“We simply took the most effective and profitable seller of Russian gas,” – said close to Gazprom said.

The head of Gazprom Alexei Miller, according to the newspaper, during the visit of Prime Minister of Turkey Binali Yildirim of Moscow tried to discuss with him the situation, however, “he gave meaningful explanations.”

In total, the portfolio of Gazprom supplies Russian gas to Turkey for company Akfel group accounts for approximately 20%, while the share of the group account for 55% of all supplies of Turkish private importers, the newspaper claims. The three largest structures Akfel Holding have contracts with Gazprom to supply more than 5 billion cubic meters of gas per year.

The newspaper’s sources said that on December 2, the Turkish authorities completely changed the Board of Directors of Akfel Holding, it included representatives of the Deposit insurance Fund (TMSF) and consultants. According to sources close to the shareholders Akfel, TMSF informal informed them that “serves shareholders.”

Earlier it was reported that Gazprom does not exclude the acquisition of existing and construction of new power generation facilities in Turkey.

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