News

News

OJSC EuroSibEnergo increases its stake in JSC Krasnoyarsk HPP

 

OJSC EuroSibEnergo has announced that it has completed the acquisition of a 25% stake in JSC Krasnoyarsk HPP from OJSC HydroInvest (a wholly owned subsidiary of OJSC RusHydro). Thus, the stake of OJSC EuroSibEnergo in JSC Krasnoyarsk HPP now exceeds 90%. The Federal Antimonopoly Service gave approval for the transaction on June 30, 2014; on July 8, the transaction was approved by the General Meeting of Shareholders of OJSC EuroSibEnergo.

Vyacheslav Solomin, CEO of OJSC EuroSibEnergo: “Consolidation of the Group’s assets forms the basis of our strategy aimed at optimizing the capital, increasing our market share and improving operational and investment efficiency.”

Press service of OJSC EuroSibEnergo

July 21, 2014
View printable page