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
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)
Anton Nazarov Head of Public Relations +7 495
967-05-27 (ext. 2208)
Svetlana Chuchaeva Head of Corporate Relations +7 495
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
MSCLIFVDLDLDIIF -0- Nov/07/2012 07:38 GMT
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