RusHydro, SUEK complete asset swap
MOSCOW. June 5 (Interfax) - PJSC RusHydro and a group of minority shareholders including JSC SUEK have completed a deal on an exchange of assets, the hydroelectricity generating company said in a statement.
The deal included an exchange of a non-core asset of RusHydro - the Luchegorsky coal mine - and the Primorsky GRES, which is technologically linked to it, for a 41.98% stake, belonging to the group of minority shareholders, in the charter capital of the Far East Energy Company , which owns the Far East Generating Company and the Far East Distribution Company, the statement said.
On Thursday, member of the RusHydro board Andrei Kazachenkov said on a conference call with analysts that the energy company still did not know how long the talks would last.
"Let's wait to see whether this deal could be concluded in the near future or later," Kazachenkov said.