09 April 2004 18:27
KRASNOYARSK HYDROPOWER STATION TO EARN $200 MLN IN SHARE ISSUE
KRASNOYARSK. April 8 (Interfax) - Krasnoyarsk hydropower station may raise about $200 million from the issue of 97.7
million additional shares, Sergei Kaminsky, the company's general director, said at a press conference in
Krasnoyarsk on Thursday.
Krasnoyarskenergo, which owns over 25% of the power station, has
said the additional issue is aimed at diluting its blocking stake.
Commenting on this, Kaminsky said that the aim of the issue is to
An independent evaluator will set the share price after the Federal Financial Marksts Service registers the issue
prospectus. The price will not be below market price. The power station may start selling the shares in the summer.
finance the construction of the Boguchansk hydropower station, as stated in the prospectus.
Krasnoyarsk hydropower station has charter capital of 391.1 million shares with par value of 1 ruble.
Russian Aluminum manages over 70% of the hydropower station.
[Interfax] |
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