12 Mar 2010 16:22

Fortum selling stake in St. Pete power sales co to ES Vostok for 1 bln rubles

MOSCOW. March 12 (Interfax) - OJSC RAO Energy System Vostok (ES Vostok) is in talks with Finland's Fortum to buy the latter out of St Petersburg Power Sales Company for 1 billion rubles, a source close to the Russian companies told Interfax.

"The deal will take two or three months and it will cost around 1 billion rubles," the source said.