Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact Us
Customer Login
 


Headlines
 

04/25 09:42   S&P lowers Russia foreign currency ratings to "BBB-/A-3", outlook negative
 
04/25 09:35   U.S. should convince Kyiv to immediately stop military operation in southeastern Ukraine -Russian Foreign Ministry
 
04/25 09:30   Banks have 1087.1 bln rbs on CBR correspondent accounts on April 25.
 
04/25 09:27   Rosneft investment in Far East grows from 19 bln rubles to 37 bln rubles in 2011-2013 - company head
 
04/25 09:20   Russian energy minister to discuss gas supplies to Europe with several countries Apr 26
 
04/25 09:19   Vimpelcom sees RAS revenue drop 2.6% to 66.8 bln rubles in Q1
 
04/25 09:18   Dep finance minister thinks special economic zone in Crimea unlikely
 
04/25 09:16   Russia may seek UNSC emergency session in event of further violence in southeastern Ukraine - Moscow envoy
 
04/25 09:16   Russia expects to maintain Customs Union limitations on oil, fuel deliveries in 2018-2020 (Part 2)
 
04/25 09:13   Moscow has legal grounds to deploy peacekeepers in Ukraine - Churkin
 




 

Interfax.com  |  Interfax news  |  OGK-2, OGK-6 complete merger


News headlines


November 01, 2011 19:11

OGK-2, OGK-6 complete merger

MOSCOW. Nov 1 (Interfax) - Russian gas major Gazprom has announced the completion of the merger of power generation companies OGK-2 (RTS: OGKB) and OGK-6 (RTS: OGKF), both of which it controls.

OGK-2 reported that its reorganization and the termination of OGK-6 had been recorded in the Unified State Register of Companies on Tuesday.

For the merger OGK-2 issued 26.59 billion shares, or 81.2% of existing capital, with par value of 0.3627 each, for conversion of OGK-6 shares at a ratio of 1.2141 OGK-6 to 1 OGK-2 share. Earlier, the OGK-6 shares were valued at 1.4 rubles each for the deal and the OGK-2 at 1.72 rubles each.

The results of the OGK-2 share issue have not yet been disclosed. Before the additional issue, charter capital was 32.73 billion shares with par value of 0.3627 rubles each (11.87 billion rubles).

OGK-6 included the Kirishskaya, Novocherkasskaya, Ryazanskaya, Cherepotvetskaya and Krasnoyarskaya 2 power stations with total capacity of 9,000 megawatts. Before consolidation, OGK-2 included the Pskovskaya, Serovskaya, Stavropolskaya, Troitskaya and Surgutskaya-1 power stations. In addition, OGK-2 is building a new Adlerskaya power station. OGK-2 has total capacity of 8,707 megawatts.

The new OGK will have capacity of almost 18 gigawatts and annual output of around 80 billion kilowatt hours.

Gazprom Energoholding (GEH, the company that controls Gazprom's (RTS: GAZP) main electricity assets), which owned 57.3% of OGK-2 and 60.6% of OGK-6 prior to the merger will keep the controlling stake. GEH will announce the final distribution of shares in the new company on Wednesday.

OGK-6 shares stopped trading on October 27 2011.

OGK-2 announced Tuesday that it had been delisted from the London Stock Exchange (LSE). The OGK-2 depository receipt program will still exist and clearing will be carried out by Euroclear and Clearstream (GDR, issued according to Regulation S) and DTC (Regulation 144A).

OGK-2 shares continue to be traded as usual and the additional issue shares (in which OGK-6 have converted into) will not appear on the exchange before December, after the results of the additional issue have been registered by the Federal Financial Markets Service (FFMS) and amendments made to the merged power generation company's charter.

Consolidation of OGK-2 issues is not possible before March 2012 (three months after FFMS registered the results of the additional share issue).

Me

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire

April 25, 2014
 
09:30
Banks have 1087.1 bln rbs on CBR correspondent accounts on April 25.
 
09:27
Rosneft investment in Far East grows from 19 bln rubles to 37 bln rubles in 2011-2013 - company head
 
09:20
Russian energy minister to discuss gas supplies to Europe with several countries Apr 26
 
09:19
Vimpelcom sees RAS revenue drop 2.6% to 66.8 bln rubles in Q1
 
09:18
Dep finance minister thinks special economic zone in Crimea unlikely
 
09:16
Russia may seek UNSC emergency session in event of further violence in southeastern Ukraine - Moscow envoy
 
09:16
 
09:13
Moscow has legal grounds to deploy peacekeepers in Ukraine - Churkin
 
09:13
Moscow press review for April 25, 2014
 
09:10
Russian envoy: there is still chance to "return" to Geneva agreements on Ukraine
 
09:06
One should not expect too much of "divided" UNSC in terms of Ukraine crisis solution - Russian envoy
 
09:01
Kyiv responsible for life and health of "political prisoners" in southeastern Ukraine - Russian diplomat
 
09:01
Russia asks UN secretary general to condemn violence in southeastern Ukraine - Moscow envoy
 
09:00
RUSSIA AND FSU GENERAL NEWS
 
 more headlines 



Interviews
 

.
Spanish Ambassador to Russia Jose Ignacio Carbajal has given an interview to Interfax in which he speaks about the situation in Ukraine, the possible third phase of sanctions against Russia, and separatist trend that has lately come to shape in Europe.

more
.
.
Domenico Dispenza, president of the International Group of LNG Importers and former chief operating officer of Eni‘s gas and power division, speaks to Interfax about the group‘s new report on global LNG imports for 2013.

more
.
.
Interfax spoke to Dr. Leonhard Birnbaum, member of the board of management for markets and services at E.On, about the energy balance in Europe and gas’s place in it.

more

 
  
 ©   1991—2014   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100