30 Sep 2020 15:07

Inter RAO cites assets of generating companies in list of potential M&A targets, could use treasury shares

MOSCOW. Sept 30 (Interfax) - PJSC Inter RAO considers the acquisition of blocks of shares in generating companies and power plants as key strategic initiatives by 2030, the company said in a presentation.

Inter RAO expects to retain its key shareholder structure. The company lists forming a partnership with a strategic investor, as well as using currency payments in M&A and long-term incentives for management as possible options for using the block of treasury shares.

Inter RAO is a diversified energy holding that includes power plants in Russia and in other countries with a total capacity of 32.9 GW. The main shareholder of the company is JSC Rosneftegaz with 27.63%, and PJSC FGC UES owns 8.57% of the shares. JSC Inter RAO Capital accounts for 29.56%, while another 34.24% is in free float.

Inter RAO is the exporter and importer of electricity to Russia.