Follow Us On

  • Facebook

 

RusHydro to issue 40 bln rubles in supplementary shares in favor of Rosneftegaz (Part 2)

RusHydro (MOEX: HYDR) issue supplementary shares totaling 40 billion rubles in favor of Rosneftegaz and also sell its quasi-treasury stock, RusHydro Deputy CEO George Rizhinashvili told Interfax.

 
"This is one part of the deal. We will also sell the treasury stock. The share issue will be up to 40 billion rubles. The volume and other details are currently being pinpointed," he said. As for the treasury stock, "the entire volume will be included in the deal."
 
The quasi-treasury stock amounts to 8.7 billion 1-ruble shares or 2.25% of charter capital. The shares are held on the balance sheets of a number of companies.
 
 
25 May 2014

© Copyright 2010-16 Invest in Russia Hanko Hackberry Group All rights reserved.