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Timchenko sues Gazprom for $3 mln

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11:29 21/08/2012

MOSCOW, August 21 - RAPSI. On Monday the Moscow Commercial Court set October 8 to hear a complaint filed by Gennady Timchenko's Stroytransgaz to recover $3 million from Gazprom, a court spokesperson told the Russian Legal Information Agency (RAPSI/rapsinews.com).

Stroytransgaz is seeking compensation for the maintenance of property developed jointly with the defendant between 2003 and 2009.

The court completed a preliminary review and scheduled the case for consideration on its merits on Monday. The court also suggested that the parties verify their calculations and negotiate a settlement out of court. According to the plaintiff, the parties held negotiations before filing, but they failed to reach an amicable agreement.

Stroytransgaz comprises construction, engineering, oil, gas and financial entities. Timchenko currently controls an 80-percent stake in the company.

Gazproms charter capital is valued at 118.368 billion rubles ($3.7 billion) divided into 23.674 billion common shares with a par value of five rubles. The state holds over 50 percent of its stock.

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Timchenko sues Gazprom for $3 mln

11:29 21/08/2012 On Monday the Moscow Commercial Court set October 8 to hear a complaint filed by Gennady Timchenko's Stroytransgaz to recover $3 million from Gazprom.
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