Rothschild S.p.A. of Milan has signed a 3-year, $3.6 million consulting contract with Naftogaz. Working as banking advisor to Naftogaz, Rothschild is to advise on management of the gas transportation system as well on the ‘unbundling’ of the state company’s gas transportation and production units.
Last week Rothschild S.p.A. has won the bidding for investment and banking services regarding the unbundling of gas transmission activity, including the engagement of a qualified partner to Ukraine’s GTS operation. The bidding was held in Prozorro e-procurement system. Naftogaz is acquiring the services to fulfill orders of the Ministry of Energy and Coal Industry and other legal acts including the Unbundling plan approved by the Cabinet of Ministers of Ukraine (CMU).
Rothschild offered the price of UAH 98.0 million, which was better than that of Lazard, the second bidder. The expected value of the purchased services was UAH 193.3 million.
