Investor Consortium Now Co-Owns Reftinskaya, Sredneuralskaya Power Stations
19 March 2012 (09:21)
A consortium of investors comprising the Russian Direct Investment Fund (RFPI), RusEnergo Fund, Xenon Capital Partners, and the infrastructure fund Macquarie Renaissance signed the papers on the acquisition of a 26.43% shareholding in Enel OGK-5 from Inter RAO UES. The deal was approved of at Inter RAO UES BOD meeting.
It is reported that the Russian Direct Investment Fund is investing $137.5m in the deal, while the other consortium members contribute $487.5m. The transaction amounts to a fixed $625m payment and an additional sum of up to $125m.
The buying-in process will be completed after Russia’s Federal Antimonopoly Service approves of the share acquisition within thirty days.
This means the investment consortium becomes partners with the Italian company Enel, Enel OGK-5’s controlling shareholder.
In Sverdlovsk Region, Enel OGK-5 runs Reftinskaya and Sredneuralskaya power stations.
It is reported that the Russian Direct Investment Fund is investing $137.5m in the deal, while the other consortium members contribute $487.5m. The transaction amounts to a fixed $625m payment and an additional sum of up to $125m.
The buying-in process will be completed after Russia’s Federal Antimonopoly Service approves of the share acquisition within thirty days.
This means the investment consortium becomes partners with the Italian company Enel, Enel OGK-5’s controlling shareholder.
In Sverdlovsk Region, Enel OGK-5 runs Reftinskaya and Sredneuralskaya power stations.
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