Business Services Industry
RUSSIA: AFTER MEDIA-MOST, GAZPROM REACH AGREEMENT...(Gazprom Media)(Brief Article)
IPR Strategic Business Information Database, November, 2000
Kiselev's summons came two days after Gazprom-Media and Vladimir Gusinskii's Media-MOST, which owns NTV, reached a new agreement settling the latter's debt to the former. The new agreement differs from one signed previously only in that it offers more legal guarantees for Gazprom-Media and the contract is concluded with Media-MOST rather than with Gusinskii himself.
Under the agreement, Gazprom-Media receives a blocking stake of 25 percent plus one share of all Media-MOST companies, except for NTV. Another 25 percent of the company is provided as collateral, RFE/RL's Moscow bureau reported. Gazprom-Media will also receive another 16 percent stake in NTV, increasing its 30 percent stake to 46 percent. In addition, a 25 percent plus one share in NTV will be sold to...
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