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Gold/Mining/Energy : Mosenergo ADR
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To: Copperfield who started this subject7/5/2004 1:52:57 PM
From: Copperfield   of 241
 
Mosenergo still holds a majority stake in Moscow MTR-Svyaz alternative operator.
Mosenergo has failed to dispose of 51% stake in Moscow MTR-Svyaz alternative operator, according to the list of Mosenergo-affiliated companies made out as of July 1, 2004.

The decision to sell such stake was taken by the Board of Directors around a year ago.

The stake is to be sold at price which will at least equal the market price, i.e. 10.455 ths rbl. Another holder Tekhnokom (41%) has the right of first refusal.
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