Power generating company decides on consultants to assist in offering extra share issue

The Board of Directors of TGK-9, the power generating company, decided on the consultants who will assist the enterprise in public offer of the additional share issue. These consultants come from Morgan Stanley and Co. International Limited and Troika Dialog Investment Company. Baker and McKenzie CIS Limited are going to act as the company’s legal advisors, reports the spokesperson for TGK-9.

The consultants were chosen after the open competitive negotiations that took place in August 2006. The applicants for the task had to have some experience in working on the international and Russian capital markets and in IPO conducting or legal advising in Russia and abroad.

The Board of Directors of RAO UES of Russia approved of the public offer on August 30, 2006. The amount of floated stock should be great enough to secure RAO UES of Russia at least a 25%+1 share in the authorized capital of the general company (given the merger with Regional Generating Company of Komi). The money thus obtained will be invested in generating facilities development in Sverdlovsk and perm Regions, particularly in construction of Novobogoslovskaya and Novoberezovskaya power stations and renovating Perm power station.


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