Publication date: 18.01.07
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OGK-4 SELLS 99.99% OF ITS SHARES IN KATEKENERGOREMONT FOR 29.75 MILLION RUBLES

Generation Company Four of the Wholesale Market of Power and Energy (OGK-4), through a public offering, has sold 41,739,532 ordinary shares (99.99% of the authorized capital) in KATEKenergoremont. This shareholding was sold under the strategy for lowering the affiliation level of the repair and service companies of the RAO UES subsidiaries and dependent companies. The preferred bidder, in the procedure of sale of OGK-4's shareholding in KATEKenergoremont, is Remenergomontazh, with the amount of transaction accounting for 29,752,000 rubles.

 

KATEKenergoremont (registered address: Krasnoyarsk Territory, Sharypovo District) was established in 2004. Its core businesses include installation, setup, repair, and operation of facilities related to heat and power equipment, fuel supply equipment, water treatment equipment, as well as boiler inspection facilities. The authorized capital of KATEKenergoremont comprises 41,739,533 registered ordinary shares, each with a par value of 1 ruble. The founders of this company were BTPP-1 (100% minus 1 share) and TsNII NPKenergo (1 share). As a result of the restructuring of BTPP-1 through its takeover by OGK-4, the latter came to hold the interest in KATEKenergoremont. The decision to terminate the Company's participation in KATEKenergoremont by means of selling its shares through a public offering was made by the OGK-4 Board of Directors on July 14, 2006.