| Add RSS Feed

7 July 2006 - RAO UES of Russia announced yesterday that had held a public auction to sell its 47.36 per cent stake in OAO Yaroslavl Retail Company, which purchases and sells electricity on the wholesale and retail markets, and supplies electricity to customers in the Yaroslavl Region.

The shareholding was sold to OOO "Transneftservice C", which offered RUB425 324m ($16m).

The public auction was arranged by the Company's Accredited Agent, OOO "Metropol Investment and Finance Company. Bids were accepted from 1 June through 3 July.
Subsidiaries and dependent companies of RAO federal and municipal organizations were not permitted to take part in the auction.

The auction start price was RUB182.324m, with a price increment of RUB9m.
The auction had six bidders, with the price offered during the auction 2.3 times higher than the auction start price.

After the auction, RAO "UES of Russia" and OOO "Transneftservice C", the auction winner, signed the Auction Protocol and the Contract for Purchase/Sale of the 47.36% stake in OAO "Yaroslavl Retail Company".

| Add RSS Feed

---

More Deregulation Articles >

Search Archives >

Power Engineering Article Categories:

Business		Projects/Contracts
Industry News		Deregulation
Environmental		Русский язык
Power Generation Young Professionals		Honeywell Automation & Control Solutions
HoneyWell Press Releases		HoneyWell Product Information
Power Engineering International Current Issue Table of Contents
Power Engineering Current Issue Table of Contents
Potencia Current Issue Table of Contents
Nuclear Power International Current Issue Table of Contents
Middle East Energy Current Issue Table of Contents

---

Search Products Buyer's Guide >

Search Industry Jobs >

Magazine & E-Newsletter Subscriptions >