It appears unlikely that Russia’s OAO Gazprom and billionaire Victor Vekselberg will be able to merge their power assets without selling off part of them, reports the Vedomosti newspaper

According Bloomberg, the newspaper citedsVitaly Korolev, director of the electricity sector department at the Federal Antimonopoly Service.

Before the merger can proceed, Gazprom may have to sell off its Pskov and Kirish power stations.

Similarly, Vekselberg’s holding company could be forced to sell either two of its thermal power plants or reduce its ownership to less than a controlling stake in both TGK-6 and TGK-7.

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