6 Mar 2012 15:13

Inter RAO to merge generating assets, offer own shares to minorities

MOSCOW. March 6 (Interfax) - Inter RAO UES intends to merge the power generating assets that it owns, the company told Interfax.

Most of the generating assets are concentrated at the OGK-1 and OGK-3 generating companies and Inter RAO Power Generation, in which it owns stakes of 72.45%, 81.93% and 100%, respectively.

Stakes of 16.43% in OGK-1 and 18% in OGK-3 have been placed in trusteeship in keeping with guidelines issued by the Federal Antimonopoly Service when the holding was consolidating its power sector assets.

Inter RAO will offer its own shares to minority shareholders in these gencos when it merges them.