Rothschild to manage Ukraine's gas transportation system

Rothschild has won the tender of NJSC Naftogaz of Ukraine to provide investment banking services in the unbundling of gas transportation activities and attract a partner to manage the gas transportation system of Ukraine.

According to the disclosure protocol in the ProZorro system, Rothschild S.p.A. (Milan, Italy) is ready to provide relevant services worth 98 million UAH. French Lazard Frères also took part in the auction on October 12, and TNN LTD (Great Britain) was not admitted to it.

Naftogaz indicated the expected cost of work at the level of 193.3 million UAH. The services must be rendered until December 31, 2020.

In his letter Rothschild points out, in particular, the presence in the team of specialists involved in the transactions: Snam and Allianz Capital Partners within the purchase of Gas Connect Austria from OMV for 601 million EUR; sale of 20% of the Trans Adriatic gas pipeline for 208 million EUR between Statoil and Snam; the creation of a joint venture between Osaka Gas and the Italian Erogasmet gas distribution system operator.

At the same time, the Ministry of Energy and Coal Industry of Ukraine accused the company of the assumption of the functions of the Cabinet of Ministers because of the tender announced by the NJSC for investment banking services in unbundling and involving a partner in the management of the GTS.

DONi News Agency