25 Jun 2010 12:35

Inter RAO to finish additional share placement for raising VEB investment

MOSCOW. June 25 (Interfax) - OJSC Inter RAO UES hopes to close its additional share placement for raising investment from Vnesheconombank (VEB) in the nearest futures, the company's acting chairman, Boris Kovalchuk, said during Inter RAO's annual shareholder meeting on Friday in Moscow.

He said that VEB had transferred around 21.3 billion rubles several days ago as partial payment for the company's additional share issue. "We plan in the near future to start closing the additional issue and register its results," Kovalchuk said.

Kovalchuk said that Inter RAO plans an additional share issue for consolidating its electricity assets in Russia. The shareholders at the meeting should approval this issue.