Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

03/26 20:19   Russian specialists are in Venezuela in line with inter-govt military-technical cooperation agreement - Russian Foreign Ministry (Part 2)
 
03/26 20:15   Ruble down against dollar, euro despite strong gains for oil
 
03/26 20:06   Putin meets with young culture award winners
 
03/26 20:04   Criminal case opened against Abyzov on suspicion of embezzling, moving abroad 4 bln rubles -Investigative Committee
 
03/26 20:03   Operatives lured Abyzov to Russia, detained him - source
 
03/26 19:55   Abyzov could face up to 20 in prison for setting up criminal gang
 
03/26 19:49   Russian specialists are in Venezuela in line with inter-govt military-technical cooperation agreement - Russian Foreign Ministry
 
03/26 19:44   Main indexes of the Russia stock market for March 26
 
03/26 19:41   ABYZOV COULD BE CHARGED WITH MORE COUNTS OF FRAUD - SOURCE
 
03/26 19:40   EX-OPEN GOVT MINISTER ABYZOV DETAINED, RESTRAINING MEASURE TO BE DETERMINED AFTER QUESTIONING - SOURCES
 




 

Interfax.com  |  Interfax news  |  Inter RAO might buy own shares from FGC as well...


News headlines


May 17, 2018 09:49

Inter RAO might buy own shares from FGC as well as RusHydro - paper

MOSCOW. May 17 (Interfax) - Federal Grid Company UES (FGC) (MOEX: FEES) is prepared to sell its 18.72% stake in Inter RAO (MOEX: IRAO) to the generating company, national daily Kommersant reported on Thursday, citing sources.

FGC initiated these negotiations, the paper said. The deal might be priced at a discount to the market price of the stake - 76.6 billion rubles - and be carried out in two stages. The deal could be closed by the end of June or in early July.

Government officials refrained from commenting on the reported deal, the paper said. FGC said a government decision is needed for a deal to be made, "but the company is not aware of such."

It was reported earlier that Inter RAO might buy 4.92% of its own shares from RusHydro (MOEX: HYDR) by the end of May. The price of this stake with an 8.8% discount to the market value could amount to 17.172 billion rubles, the paper said.

Therefore, taking into account the deal in the works to buy out its shares from RusHydro, Inter RAO could consolidate 23.5% of its own shares at a cost of up to 100 billion rubles.

State holding company Rosneftegaz holds a 27.63% stake in Inter RAO, the power company's subsidiary Inter RAO Capital holds 18.4% of shares in its parent company, and the free float is 30.52%.

The paper reported that Inter RAO Capital would not increase its stake in Inter RAO by the whole amount of shares held by RusHydro and FGC. It might acquire only part of these shares, and the rest might be bought by an outside company that would later become part of the Inter RAO Group, one of the paper's sources said.

Commenting on these reports in a conference call with analysts on Wednesday, Inter RAO management board member Ilnar Mirsiyapov said that Inter RAO periodically holds negotiations on potential deals.

"Periodically we are approached not even by RusHydro, but a number of other shareholders or investors who want to either sell or buy a fairly large stake [in Inter RAO]. In this case, since we stated that we're not selling the treasury stake [as] it might be used to bring a strategic investor into capital, we're saying that there are other shareholders with whom this conversation, perhaps, will be a little more productive and lead to a result," Mirsiyapov said.

Vp mz

(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
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Natural Gas Daily
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
Please enter the digits from picture in the box below:

March 26, 2019
 
20:06
Putin meets with young culture award winners
 
20:04
Criminal case opened against Abyzov on suspicion of embezzling, moving abroad 4 bln rubles -Investigative Committee
 
20:03
Operatives lured Abyzov to Russia, detained him - source
 
19:55
Abyzov could face up to 20 in prison for setting up criminal gang
 
19:49
Russian specialists are in Venezuela in line with inter-govt military-technical cooperation agreement - Russian Foreign Ministry
 
19:44
Main indexes of the Russia stock market for March 26
 
19:41
ABYZOV COULD BE CHARGED WITH MORE COUNTS OF FRAUD - SOURCE
 
19:40
EX-OPEN GOVT MINISTER ABYZOV DETAINED, RESTRAINING MEASURE TO BE DETERMINED AFTER QUESTIONING - SOURCES
 
19:40
Abyzov, suspected accomplices under investigation - Russian Investigative Committee
 
19:38
Aggregated results for trading of shares in Moscow Exchange
 
19:38
Results of Interregional Trading for OFZ & OBR
 
19:34
Capitalization of Russian stock market increases 0,59% on Tuesday
 
19:33
Russian stock market posts gains, MOEX holds above 2500 on higher oil, weaker ruble
 
19:27
Mixed day for Russian Eurobonds in thin trading
 
 more headlines 



Interviews
 

.
NATO Secretary General Jens Stoltenberg has given an interview to Interfax ahead of the Alliance‘s 70th anniversary that is to be celebrated on April 4. He speaks in the interview about the NATO‘s vision of future relations with Russia, its attitude to the situation surrounding the Intermediate-range Nuclear Forces Treaty (INF) Treaty and the New START Treaty, as well as further plans of expanding the Alliance.

more
.
.
British Ambassador to Russia Laurie Bristow has given an interview to Interfax in which he speaks about the current situation in the relationship between the United Kingdom and Russia, the impact of the Skripal case on it, the restoration of the numbers of diplomatic staff, exchange of information on counter-terrorism, possible introduction of sanctions over the Kerch Strait incident, the INF Treaty, and British-Russian economic relations.

more
.
.
Chairman of the German Committee on East European Economic Relations Wolfgang Büchele has given an interview to Interfax in which he speaks about the activity of German companies in Russia.

more

 
  
 ©   1991—2019   "Interfax News Agency" JSC. All rights reserved.
Contact information   |   Privacy Policy   |   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