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UES gives go-ahead to sale of generators

30 October 2007 - Former electricity monopoly Unified Energy System said Friday that it had approved larger share sales for two of its generating companies, OGK-1 and TGK-10.

The size of OGK-1's issue, planned for February, will increase to as many as 22.5 billion shares from 11 billion shares. This is equal to 50.4 percent of the company before the sale and 33.51 per cent afterward, UES said in a statement.




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