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Gazprom and machine-building companies of Gazprombank sign Roadmaps for cooperation

Background

Gazprombank (Open Joint Stock Company) is among Russia's three largest banks by key performance indicators and among Central and Eastern Europe's top three banks in terms of equity capital.

Gazprombank has an investment-level rating assigned by the international ratings agency Moody's Investor's Service – the long-term foreign currency deposits rating is at Baa3 with a stable outlook and the debt rating is at Baa3. Standard & Poor's awarded the bank with its long-term counterparty credit rating and debt rating at BBB- with a stable outlook. Fitch Ratings assigned the long-term issuer default rating of BBB-, stable outlook, to the bank.

REP Holding specializes in engineering, production and comprehensive supply of power generating equipment for the gas, oil, metallurgical, chemical, power and shipbuilding industries. The Holding embraces production, R&D and service companies, including such prominent industrials as St. Petersburg's Nevsky Plant and Electropult Plant, and has joint ventures with western companies.

On December 19, 2012 Gazprom and REP Holding signed the Long-Term Cooperation Program until 2020.

OMZ is among Russia's largest industrial holdings focused on heavy engineering. Its core businesses are manufacture of equipment for nuclear plants, engineering and turn-out of facilities for the oil and gas sector, manufacture of special-steel products, mining machinery and general engineering.

On November 22, 2013 Gazprom and OMZ signed the Cooperation Program until 2020.

Cryogenmash is Russia's largest company dealing with production of air separation technologies and equipment, supply of technical gases and development of integrated solutions for associated gas, natural gas and LNG processing purposes.

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