24 Oct 2011 16:31

RusHydro discusses joint share sale in privatization with minority holders

MOSCOW. Oct 24 (Interfax) - OJSC RusHydro , which operates the majority of Russia's hydroelectric power plants, is discussing with its minority shareholders a joint sale of stock in the context of privatization, management board chairman Yevgeny Dod told the press.

RusHydro is discussing with minority holders the possible sale of their stakes in the company at the same time the some of the state's stake in the company is sold off, Dod said. "If there is an interesting, constructive proposal, we're not ruling out that they [minority holders] will join up," he said.

The government is preparing to privatize part of its stock interest in RusHydro to reduce its stake to 50% plus one share in 2012.