Gazprom-Media Holding, which comprises Gazprom's television, radio, printing press, cinema production, advertising, movie theaters and internet assets, is ready for an Initial Public Offering, Director General Nikolay Senkevich said on Wednesday.
"The high level of the holding company's capitalization and full compliance with international business procedures and standards allow ... the holding of an IPO for the whole of Gazprom-Media Holding as well as several subsidiaries," Senkevich said.
Senkevich also said that Gazprombank, the core owner of the media holding company, had no plans to sell its stake, which it considers a long-term investment.
