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Federal Hydro-generating Company RusHydro OAO to Sell 33.54% in Trest Gidromontazh OAO-Interfax

Monday, 15 Jul 2013 10:02pm EDT 

Interfax reported that the Board of Directors of Federal Hydro-generating Company RusHydro OAO (RusHydro) has approved the sale of a 33.54% stake in Trest Gidromontazh OAO to TEK Mosenergo OAO for RUB 1.663 billion. In particular, RusGydro is to sell 97,341,002 ordinary and 29,712,027 preferred shares at RUB 13.0904 per share. Earlier, the Federal Anti-Monopoly Service of Russia allowed TEK Mosenergo OAO to consolidate 100% in Trest Gidromontazh OAO. The press service of RusHydro earlier said that the sale of the asset corresponds to the strategy for the implementation of non-controlling interests. 

Company Quote

13 Jan 2014