IDGC Holding, ERDF agree terms for transfer of Tomsk Distribution Co mgmt
MOSCOW. March 18 (Interfax) - OJSC IDGC Holding and EDF subsidiary ERDF have signed an agreement on the terms for transferring management of OJSC Tomsk Distribution Company to ERDF.
The agreement was signed by IDGC Holding chief Nikolai Shvets and ERDF representative Michele Bellon, an Interfax correspondent reported from the signing ceremonies. It stipulates the drawing-up of an contractual agreement for transferring management to an ERDF subsidiary to be set up in Russia.
Bellon told the press ERDF planned to take over the management of Tomsk Distribution Company in three months.
The Russian government signed off on the transfer making the actual transfer possible, IDGC Holding said.
The holding and ERDF also plan to sign an agreement strategic cooperation will involve looking at joint operations in other Russian regions and also abroad.