The new entity – Gazprom Marketing and Trading Retail Germania – will market its products and services as Gazprom Energy.
According to GM&T, the new organisation will be part of Gazprom Marketing and Trading Retail Limited, based in the UK.
Gazprom Energy in Germany managing director Jozua Knol said this acquisition represents a significant step for Gazprom in its strategy to accelerate growth in its power business.
The existing telecommunications business of Envacom is not part of Gazprom’s plans and it will be carved out to remain under the sole ownership and control of the previous owner, Tillman Raith, which will retain no interest or involvement in Gazprom Energy.
