Inter RAO board approves withdrawal from Novosibirskenergo
MOSCOW. Sept 25 (Interfax) - The board of power holding company OJSC Inter RAO UES has approved withdrawal from OJSC Novosibirskenergo through the sale of its stake as part of company reorganization, the holding said.
This is because Inter RAO voted against (or abstained from voting) at the Novosibirskenergo extraordinary shareholders meeting on August 30 on the issue of reorganization by spinning out OJSC Regional Grids. Novosibirskenergo will buy 12,747 common shares (0.08703% of charter capital or 0.10739% of all common shares) and 15,895 type A preferred shares (0.10852% of charter capital, or 0.5722% of all preferred shares) with par value of 10 rubles each.
It will pay 353 rubles per common share and 300 rubles per preferred share.
The Inter RAO board also voted to increase the number of board seats to 11 and gave a seat to the head of the innovation, investment and spending division, Valery Murgulets.
Inter RAO owns and manages energy facilities in Russia and abroad. Total capacity at the company's power plants is around 28 gigawatts. The company is a monopoly in electricity exports and imports.