31 May 2017 13:27

Govt approves new dividend base for Rosseti

MOSCOW. May 31 (Interfax) - Russia's government has approved a new dividend base for state power grid holding Rosseti , according to cabinet order No. 1094-r dated May 29, published on the official internet portal for legal information on Wednesday.

Under the document, in forming the position of the shareholder - the Russian Federation - the authorities will be governed by the provision that the dividend payment be no less than 50% of the company's IFRS net profit.