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Rosseti OAO Approves Acquisition of 22% in Kuban'energo OAO-Interfax

Monday, 1 Jul 2013 02:56am EDT 

Interfax reported that the shareholders in Rosseti OAO (Russian Grids) approved the acquisition of Kuban'energo OAO (Kubanenergo) from Russian Grids subsidiary OJSC Tyumenenergo at their annual meeting, the Company reported. Russian Grids is buying 30.926 801 million Kubanenergo shares, par value RUB 100 each, RUB for 157.8 each. The holding will shell out a total of RUB 4.88 billion for the acquisition. 

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0.0050 +0.65%
30 Dec 2013