04 June 2004 21:48
Lenenergo plans to keep depository receipts only for gencos
"Most likely, the program will remain in generation - the future
generating company. And it will probably be ended in the rest,"
MOSCOW. June 4 (Interfax) - Lenenergo, Northwestern Russia's biggest power company, intends to the retain
depository receipt program only for generating companies (gencos) during reorganization, company general director Andrei
Likhachev told Interfax.
Likhachev responded to a question regarding the fate of the company's ADRs.
The fate of Lenenergo's preferred stock has yet to be decided, Likhachev added. [RU EUROPE EEU ASIA EMRG ENR GVD
STX] cf
[Interfax] |
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