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JSC Inter RAO UES IRAO Split-up of INTER RAO UES' subsidiary

  JSC Inter RAO UES (IRAO) - Split-up of INTER RAO UES' subsidiary

RNS Number : 5151Q
JSC Inter RAO UES
07 November 2012




Split-up of INTER RAO UES' subsidiary with simultaneous accession of a created
                           company to INTER RAO UES

                                      

Moscow, November 07, 2012 - Open  Joint Stock Company "INTER RAO UES"  ("INTER 
RAO UES", "Company", ticker on MICEX-RTS, LSE (Reg. S): IRAO; on LSE (Rule 144
A): IRAA), the largest diversified utilities holding in Russia, announces that
on November 06, 2012  the Russian legal  entities' registration authority  has 
registered reorganization of INTER RAO UES' subsidiary (OJSC  "Bashkirenergo") 
in the form of a split-up into 2 newly created companies: Joint Stock  Company 
«Bashkirian Power  Grid Company»  and JSC  "Bashenergoaktiv" and  simultaneous 
accession of JSC "Bashenergoaktiv"to INTER RAO UES. On the said date the legal
entities' registration authority hasmade a  record of the termination of  OJSC 
"Bashkirenergo" activity.

Due to the accession of JSC "Bashenergoaktiv" to the Company the Russian legal
entities' registration authority has made a  record of the termination of  JSC 
"Bashenergoaktiv" activity on the same date.

As  a  result  of   the  aforesaid  split-up   and  accession  the   Company's 
participation interest in  JSC "Bashenergoaktiv" and  in OJSC  "Bashkirenegro" 
has decreased to 0%.

Furthermore,  in  accordance   with  a   split-off  balance   sheet  of   OJSC 
"Bashkirenergo" INTER RAO  UES became  a sole participant  of LLC  "Bashkirian 
Generation Company" upon accession of JSC "Bashenergoaktiv" to INTER RAO UES.



The foregoing information is disclosed  in compliance with the Securities  Act 
of the Russian Federation.

For further information, please contact INTER RAO UES:



Irina Makarenko Head of  Investor Relations +7  495 
967-05-27 (ext. 2008)

makarenko_ia@interrao.ru

Anton Nazarov Head of Public Relations +7  495 
967-05-27 (ext. 2208)

nazarov_aa@interrao.ru

Svetlana  Chuchaeva    Head  of  Corporate  Relations  +7  495 
967-05-27 (ext.2081)

chuchaeva_sy@interrao.ru

INTER RAO UESis a diversified utilities holding headquartered in Moscow  and 
managing assets  in  different  countries.  The  company  produces  and  sells 
electric energy  and heat,  trades  energy on  the international  market,  and 
engineers, designs and builds generating assets.INTER RAO UES Group owns  and 
operates approximately 32,000 MW of installed power generating capacity. INTER
RAO UES corporate strategy  is focused on making  the company a global  energy 
enterprise and a key player in the international energy market.

For further information see www.interrao.ru

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCLIFVDLDLDIIF -0- Nov/07/2012 07:38 GMT
 
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