Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

MRSK, Federal Grid Decline as Management Transfer Completed

OAO MRSK Holding, Russia’s largest electricity distribution company, and Federal Grid Co. fell after signing an agreement transferring MRSK under the management of the high-voltage power transmission monopoly.

Federal Grid declined 2.2 percent to 23.18 kopeks by the close in Moscow, the biggest drop since June 20. The shares rose 5.4 percent earlier. MRSK Holding slid 1.1 percent to 1.758 rubles after rising as much as 3.3 percent. The Micex Index fell 1.2 percent to 1,405.15.

Federal Grid “assumes the powers of the sole executive body” of MRSK, the companies said in e-mailed statements today. The management transfer will allow the companies to coordinate the development and modernization of the electricity distribution system and to implement a joint investment program, the statement said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.