23 Jul 2009 12:39

Inter RAO plans listing on Western exchanges

MOSCOW. July 23 (Interfax) - Inter RAO UES plans to list its shares on exchanges in the West, the company said during a Web conference on Thursday.

"In line with raising liquidity, Inter RAO plans to expand its quotation list on local exchanges and access to trading on Western exchanges. Consultations are underway with representatives of the exchanges," Inter RAO said.

He recalled that the Inter RAO Global Depositary Receipts (GDR) received by UES Russia shareholders during the energy reform amount to roughly 1.5% of equity.

Inter RAO is the monopoly importer and export of electricity. It owns and manages energy assets in Russia and abroad. Inter RAO is controlled by the Rosatom state corporation.