Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

RusHydro Drops 1st Day in 4 as Metropol Cuts on Share Issue

OAO RusHydro fell for the first time in four days after IFC Metropol cut Russia’s largest hydropower company to hold from buy on bets the company will issue new shares.

RusHydro declined 2.3 percent to 84.53 kopeks by the close in Moscow. The stock has slumped 13 percent this year.

The company may issue additional shares, which state-controlled OAO Rosneftegaz will buy for about 41 billion rubles ($1.3 billion), Kommersant reported yesterday, citing people familiar with the discussions.

“The potential issue is unnecessary and could put pressure on the stock price,” Metropol analysts led by Konstantin Reyli said in an e-mailed research note today.

An investment plan approved by the company’s board last month is “substantially higher than our previous forecast,” they wrote.

-- Editor: Alex Nicholson

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.