Eurosibenergo prepared to buy Irkutskenergo stake from Inter RAO at market price
KRASNOYARSK. Feb 19 (Interfax) - Eurosibenergo, the electricity division of billionaire Oleg Deripaska's En+ Group, is prepared to hold negotiations with Inter RAO to buy out the state power company's 40% stake in generating company Irkutskenergo at a market price, Eurosibenergo CEO Vyacheslav Solomin told reporters on Thursday.
"We're not inclined to sell our stake. We're prepared to hold negotiations with Inter RAO if they want to sell their stake," Solomin said.
"Strategically, we are interested in increasing our stake. [Irkutskenergo] is the core of our business," Solomin said.
He added that his company is prepared to buy the shares "for a market" price.
Inter RAO CEO Boris Kovlachuk said in October 2015 that his company was prepared to buy out Eurosibenergo's stake in Irkutskenergo. He said that the price of this stake in proportion to its size would be similar to the price at which Inter RAO would be willing to sell its stake in Irkutskenergo.
Inter RAO has been trying to sell its 40% stake in Irkutskenergo for years already. Kovalchuk said earlier that his company expected to get about 48 billion rubles for the stake, and later he said that an asset swap was being considered. He also said that he was holding negotiations on this issue with Eurosibenergo's shareholders.
