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Volzhskaya TGK OAO to buy Interpromotrade shares from Renova Industries-Interfax

Monday, 19 May 2014 01:08am EDT 

Volzhskaya TGK OAO:The board of directors of genco Volzhskaya TGK OAO (Volga TGK) has approved a buy-sell agreement to purchase shares of Interpromotrade from Renova Industries, according to Volga TGK materials-Interfax.Volga TGK will buy 590 shares of Interpromotrade, or 59 percent of the company's capital.Volga TGK will pay no more than 12.6 billion Russian rubles for the shares, less VAT.Interpromotrade owns 100 percent of LLC Russian Utility Systems Holding either directly or indirectly, as well as a number of other companies that are part of the holding.This includes IES-Engineering, CJSC Novaya Gorodskaya Infrastructura, OJSC IES-Management and 74.99 percent of LLC Volga Communications Systems. 

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