The FINANCIAL -- The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Viktor Vekselberg, Chairman of the Renova Group Board of Directors,according to Gazprom.

The parties confirmed the intent to complete the merger of the power assets owned by both companies and agreed to extend till the end of the first quarter of 2012 the relevant Agreement of Intent signed in July 2011.

The parties pointed out the intense efforts taken by experts from Gazprom and Renova Group as well as by third-party consultants within the Agreement of Intent stipulating the power assets merger on the platform of Gazprom energoholding . In particular, the parties promised to shortly coordinate their strategies including the appropriate steps for submitting a new request to anti-monopoly authorities instead of the one revoked by the parties in late December.

The meeting also discussed other areas of cooperation between Gazprom and Renova Group.

Related Stories

• OPEC spare capacity in the first quarter of 2012 at lowest level since 2008
• Scion tC Receives Autobytel and AutoPacific 2012 Vehicle Satisfaction Award
• Two new board members in Hydro