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Gold/Mining/Energy : Mosenergo ADR
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From: Copperfield12/5/2005 1:48:17 AM
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Mosenergo Share Sales

Moscow's regional power utility, Mosenergo, is hoping to issue shares in its spinoff companies following its April breakup under Russia's power sector reforms, its general director Anatoly Kopsov said.

Kopsov told Kommersant that issuing shares in Mosenergo spinoffs "is the simplest option" to lure investment, but did not say which firms were likely to issue stock or when.

Kopsov said Mosenergo's management had already approved the idea. "Soon we will go to UES's management with this proposal," he said.
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