18 June 2004 23:43
UES hopes to buy blocking stake in RKS
ST. PETERSBURG. June 18 (Interfax) - Unified Energy System of Russia has sent a proposal to Unified Financial Group
(UFG) on buying a blocking stake of 25% in Russian Communal Systems (RKS), Mikhail Abyzov, an RKS executive, said at a
briefing in St. Petersburg on Friday.
"I sent a proposal to UFG on Thursday asking about the possibility of selling this take to UES of Russia,"
he said.
Over the past two weeks, UES shareholders discussed increasing their stake in RKS, Abyzov said.
UFG was acting as a financial agent when it acquired 25% of RKS from Gazprombank and planned to sell the stake
on.
RKS offers utility services in Russian regions through its subsidiaries.
UES owns 25% of RKS. EvrazHolding, Kuzbassrazrezugol and Evrofinance Bank each own 10%. [RU ASIA EUROPE EEU EMRG ENR
ELG MRG STX BNK] me
[Interfax] |
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