EOS slashes stake in RAO ESE from 5.11% to 0.26%
MOSCOW. Feb 19 (Interfax) - Energyo Solutions Russia (Cyprus) Limited, part of the EOS Russia fund, has slashed its stake in OJSC RAO Energy System of East (RAO ESE) from 5.11% (2.322 billion shares) to 0.26% (122.5 million shares), RAO ESE said in a statement.
The deal was finalized at the end of last year, an EOS source told Interfax.
RAO ESE also reported that the company Aton increased its stake from 4.03% (1.829 billion shares) to 5.5% (2.5 billion shares).
Swedish fund EOS Russia invests in Russian energy assets with a focus on the grid business.
RAO ESE was established in 2008 as a result of the reorganization of RAO UES of Russia. Its key activity is managing energy companies. RusHydro owns 65.75% of RAO ESE's charter capital, and its largest minority shareholder is LLC Gazprom Energoholding (GEH), with 9.95%.
