16 Apr 2012 12:28

IDGC Holding plans to attract strategist for Kubanenergo within 2-3 yrs

MOSCOW. April 16 (Interfax) - Russia's Inter-District Grid Company Holding (IDGC Holding) plans to attract a strategic shareholder to the capital of its subsidiary OJSC Kubanenergo within two to three years, the holding's deputy head Alexei Demidov told journalists.

Company shares could be sold both directly to the strategic shareholder and through the stock exchange, he said. They will be sold at a price no lower than the one at which IDGC Holding currently buys Kubanenergo stock from Rosneft structure RN Energo. Demidov did not specify the size of the stake.