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NK Lukoil OAO's Wholly Owned Subsidiary Makes Mandatory Buyout Offer To Kuban Generating Company-Interfax


Tuesday, 13 Nov 2012 09:31pm EST 

Interfax reported that LLC Lukoil-Kubanenergo, a wholly owned subsidiary of NK Lukoil OAO that owns 95.9549% of shares in OJSC Kuban Generating Company (Kuban Generating Company), has made a mandatory buyout offer to this company's minority shareholders, Kuban Generating Company said in a statement. LLC Lukoil-Kubanenergo is offering to pay RUB 140 per share with par value of RUB 60. Kuban Generating Company received the offer on November 12, 2012 and the list of holders of shares being bought out will be compiled as of the 59th day after the buyout offer was made. Kuban Generating Company was incorporated on July 1, 2006. Its generating assets have been leased to LLC Southern Generating Company TGK-8, where they form the basis for the branch TGK-8 Kuban Generation. Its charter capital is about RUB 1.07 billion, split into 17,869,440 common shares with par value of RUB 60 each. 

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1948.5
16.2 +0.84%
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