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Provider : Reuters Investment Profile
Provider : Wright Reports
Provider : Investcafe
Provider : Investcafe

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TGK-2 OAO to transfer 100 pct equity stake in Tver Generation LLC to Tver city-AK&M

Tuesday, 12 Aug 2014 08:00pm EDT 

TGK-2 OAO:On Aug. 8, the Board of Directors of TGK-2 approved the company's withdrawal from Tver Generation LLC and the gratuitous transfer of 100 percent of this company's authorized capital to the municipal government of Tver city, the company informed-AK&M.The nominal value of the asset to be divested is 2.087 billion Russian rubles.The purpose of the transfer is to form a uniform heat supply company in Tver and to ensure continuous heat supply to the consumers within the city. 

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