JSC Inter RAO UES (IRAO) - Major transaction of INTER RAO controlled company
RNS Number : 8744R
JSC Inter RAO UES
23 November 2012
Performance of major transaction of INTER RAO UES' controlled company
Moscow, November 23, 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 22, 2012 INTER RAO UES Power Efficiency Centre, LLC ("Borrower"),
a company registered under the laws of the Russian Federation and controlled
by INTER RAO UES, has entered into the loan agreement with Joint Stock Company
«Atomic Energy Power Corporation» ("Lender") which is a major transaction for
the Borrower according to the legislation of the Russian Federation.
The total amount of debt shall not exceed 980,000,000 RUB (approx.
£19.623,548 ) which is 47.14% of the book value of assets of the Borrower.
The total amount of the said transaction shall not exceed 2,400,000,000 RUB
(approx. £48,057,669) which is 115.45% of the book value of assets of the
Execution of the said Agreement was approved by the Extraordinary General
Meeting of Shareholders of the Borrower on September 19, 2012.
INTER RAO UES has been informed on the completion of the aforesaid
transaction on November 22, 2012.
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
MSCGIBDBGSDBGDX -0- Nov/23/2012 08:42 GMT
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