ESC RusHydro has submitted mandatory offers to shareholders of four Energy retailing companies to the FSFM

ESC RusHydro has submitted mandatory offers to shareholders of four Energy retailing companies to the FSFM

Since shares of Energy retailing companies are traded in the regulated market, conditions for purchase of shares in the framework of mandatory offers can only be determined after reviewing of the offers by the FSFM of Russia.
In the end of May, 2010 majority stakes in the Energy retailing companies have been purchased by JSC ESC RusHydro from JSC RAO UES of East.
JSC ESC RusHydro was formed in November 2008, with the aim to consolidate trading activity in the wholesale and retail markets of electricity and related spheres. JSC ESC RusHydro has controlling stake in JSC Altayenergosbyt, JSC Chuvash Energy Retailing Company, JSC Krasnoyarskenergosbyt, JSC Mosenergosbyt, , JSC Petersburg Energy Retailing Company, JSC Ryazan Energy Retailing Company, JSC Saratovenergo, JSC Tambov Energy Retailing Company, United Energy Retailing Company.