Center Region Invest acquires 49% of SverdlovEnergoSbyt shares

24 May 2007 (12:42)

SverdlovEnergoSbyt, Nizhniy Novgorod Supplies, Kuzbass Energy Supplies, and OrenburgEnergoSbyt sold their share holdings belonging to RAO UES of Russia by auction on May 22, 2007.

The opening bid for 49% of SverdlovEnergoSbyt’s shares was 1.15 billion RUR; that for 100% of shares of OrenburgEnergoSbyt was 1.11 billion; the price difference between each bid had to be at least 25 million RUR. There were seven participants (coming from both Russia and abroad) altogether.

Center Region Invest was able to acquire both SverdlovEnergoSbyt and OrenburgEnergoSbyt’s share holdings at the opening prices. After the auction, purchase and sale agreements were signed with the buyers.

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