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04 June 2004 08:47
INTERROS DENIES RUMORS OF RKS PURCHASE
MOSCOW. June 4 (Interfax) - Interros deputy CEO Andrei Burgov has denied reports that the holding company has bought a 25% stake in OAO Russian Communal Systems from Gazprombank. "No, it was not us," he told journalists at the first international conference Corporate Governance and Economic Growth in Russia in Moscow on Friday. Gazprombank, which was one of the founders of RKS, announced at the end of March that it plans to withdraw from the project, after which it sold its share to United Financial Group, acting on behalf of clients. Neither Gazprombank nor UFG have disclosed information about the new owner of the RKS stake and experts have decided that it was bought by other shareholders in the company - either Interros or Renova. Both companies currently own 10% of RKS charter capital. A source in ZAO Complex Energy Systems, which is part of the Renova group, also denied this acquisition. RKS provides communal services in the Russian regions, through its subsidiaries. The company currently has 24 registered subsidiaries. In addition to the two named above, other RKS shareholders include Unified Energy System of Russia (25%), Evrazholding, Kuzbassrazrezugol and Evrofinance Bank - 10% each.
[Interfax]
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