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Rosseti OAO to Acquire Lenenergo OAO's Shares-AK&M

Wednesday, 25 Sep 2013 08:00pm EDT 

AK&M reported that the Board of Directors of Rosseti OAO (Russian Grids) approved its interest in Lenenergo OAO of no more than 527,600,706 additional common shares to be purchased at a price of RUB 6.06, for a total amount of no more than RUB 3.197 billion. Russian Grids will acquire 495,049,505 shares in the amount of RUB 3 billion in exercise of its preemptive right, no more than 32,551,201 shares for a total amount of no more than RUB 197.26 million after the expiration of its preemptive right. 

Company Quote

0.0050 +0.65%
30 Dec 2013