Inter RAO Group consolidated Mosenergosbyt

Inter RAO Group consolidated Mosenergosbyt

Inter RAO Group consolidated the shares of Mosenergosbyt JSC on its balance sheet following the completion of purchasing the shares from minority shareholders in accordance with the law "On joint stock companies" (Article 84.8), which allows for such a deal in case of purchasing more than 95% of shares in public companies.

Inter RAO Group is consistent in implementing company's strategy until 2020, and intends to continue the development of promising retail segment, - said Ilnar Mirsiyapov, Member of the Board, Head of Strategy and Investment Unit of Inter RAO, - In the nearest future we are planning to consolidate retail subsidiary companies on the basis of Mosenergosbyt to increase the efficiency of asset management."