RAO UES reveals spin-off plans
Published: 09 April, 2008, 14:24
RAO Unified Energy Systems plans to sell four remaining generating companies within the next 100 days. UES Chief Anatoly Chubais has confirmed that the assets would only be sold at a “proper” price.
Sixteen generating companies have already been sold, and now the disposal of the wholesale generating company OGK-1 is on the agenda. RAO UES is searching for buyers for its remaining assets on the threshold of its delisting.
Chairman of the Management Board of UES, Anatoly Chubais, declared there was only one buyer, but it was “high-powered”. Chubais said they were “not going to sell cheap”.
Victor Vekselberg's company Integrated Energy Systems (IES), Mikhail Abyzov’s Group E4 and Basic Element owned by Oleg Deripaska are seen among potential buyers.
09.04.2008, 09:33
Staff shortages cripple Russian businessRussian business is crying out for skilled workers, according to Severstal Group CEO, Aleksey Mordashov. He’s joined a group of leading businessmen who are appealing for help from president-elect Dmitry Medvedev. |
09.04.2008, 14:58
$US250 million to boost aircraft & shipbuildingThe Russian government will pour $US250 million into modernising the production of special steel alloys. The lack of modern technology is holding back the production of ultra-strong alloys and steel currently used in aerospace and shipbuilding. |
