Public Joint Stock Company Gazprom (MISX:GAZP) is ready to consider purchasing the Russian assets of Finnish power giant Fortum Oyj (HLSE:FORTUM) Gennady Sukhov, a member of the executive board of Gazprom, told PRIME on the sidelines of the St. Petersburg International Economic Forum. “We are ready to consider (the issue), … the cost needs to be assessed, whether it is competitive," he said.

Kommersant business daily reported earlier in June citing sources that Fortum had launched collection of binding offers to buy its Russian assets. One of the key conditions is that the deal should be closed before July 1, 2022. According to the daily, Gazprombank is interested in all assets, and may finance the deal for Gazprom Energoholding paying $1.5 billion - $2 billion per each firm.

In Russia, Fortum owns a producer and seller of electric and thermal power of the same name, a 29.5% stake in power utility Territorial Generating Company-1 (TGC-1), a 76.1% stake in international energy holding Uniper SE, which in its turn owns an 83.73% stake in Russian power producer Unipro.