<a href=/RCL/BAN/009/?lnk=yes target=_blank><img src=/RCL/BAN/009/141014_1.gif width=1050 height=60 border=0></a>
Subscription and demo access

About Interfax
Press Releases
Products & Services
Contact Us
Customer Login


10/30 19:35   Capitalization of Russian stock market increases 1.06% on Thursday
10/30 19:35   Aggregated results for trading of shares in Moscow Exchange
10/30 19:34   DPR, LPR elections illegitimate - Vysehrad Group, UK foreign ministers
10/30 19:29   S&P lowers Rost Bank rating to CCC+ from B- with negative outlook
10/30 19:29   Slowdown occurring in Eastern Gas Program implementation - Gazprom
10/30 19:28   Russian government approves bill on creation of free economic zone in Crimea
10/30 19:26   Ruble strengthens against dollar, euro in evening trading following volatile afternoon
10/30 19:17   EU sanctions against Belarus extended for another year
10/30 19:11   Rusnano disposing of stake in American SiTime Corporation, could make 550 mln rubles from deal
10/30 19:11   Gas winter packet highly likely to be on signed on Thursday - Naftogaz chief


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).


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

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.



First name:


Last name:


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

October 30, 2014
EU sanctions against Belarus extended for another year
Gas winter packet highly likely to be on signed on Thursday - Naftogaz chief
Gazprom's generating cos' capex nearly 113 bln rubles in 2014, including 27 bln for MIPC
FAS checks Sistema's purchase of Bashneft shares only for compliance with antimonopoly laws - Artemev
Daily Headline News for October 30, 2014
DPRK threatens to stop cooperation on human rights
AFK Sistema considers appealing court's decision on Bashneft
RT crew reportedly comes under fire in Luhansk
Moscow urges Ukraine politicians to stop being "confrontational" (Part 2)
Russian Foreign Ministry: calm expectations in Ukraine so far untrue (Part 2)
Ukrainian space agency denies involvement in upgrading Antares engines
Sukhoi Civil Aircraft sees RAS net losses double in 9M to 14.8 bln rubles
 more headlines 


The name Arkady Rotenberg has been in the news far more frequently than usual in recent months. The billionaire was hit by the first wave of European Union sanctions against Russia, and has already challenged this decision in court. Recently it was reported that the businessman has sold part of his assets to his eldest son. Arkady Rotenberg spoke in an interview with Interfax about whether there was a link between these two developments, the impact of sanctions on his business, his friendship with President Vladimir Putin and many other topics.

Pakistani Ambassador to Russian Zaheer Aslam Janjua has given an interview to Interfax in which he speaks about prospects for supplying more Pakistani food products to Russia, the quality of such products and invites Russian companies to implement infrastructural projects in Pakistan.

John Padilla, managing director of consultants IPD Latin America, talks to Interfax about Colombia’s investment climate.


 ©   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