The shares were acquired pursuant to accords singed on 21 and 23 August 2013, Inter RAO UES
As a result, we regard the deal as positive for Eastern UES
and Far-Eastern Energy Company, and for RusHydro (HYDR RX), which owns 69% of the former.
Based in Caerphilly, UES
have 25 employees and over 100 valued clients in a variety of sectors.
The challenge to UES
and Chubais capped a period of jolts during which tax police and prosecutors levelled accusations against at least four top companies and their bosses, including LUKoil and its CEO Wagit Alekperov, Media-Most and its CEO Vladimir Gusinsky, Avtovaz and its top agent and shareholder Boris Berezovsky, and Norilsk Nickel and its main shareholder, Vladimir Potanin who is a banker and a former deputy PM.
The CEO of UES
, Anatoly Chubais, wants to restructure and re-privatise the company, and the foreign investors in it have turned sour on this "once-the-darling of the West".
Under the terms of the agreement, the specifics of which are confidential, UES
received a Covenant not to Sue (a special type of license) for past sales and agreed to stop manufacturing and selling the licensed products.
15 November 2013 - Russia's Federal Hydro-Generating Company RusHydro OAO (MCX:HYDR) on Friday denied speculation claiming that the company was negotiating to acquire the 40% stake of power holding group Inter RAO UES
(MCX:IRAO) in regional utility Irkutskenergo OAO (MCX:IRGZ).
Pursuant to purchase agreements signed on 12 August and 14 August 2013, the subsidiary increased its stake in Inter RAO UES
Er mwyn sicrhau cysondeb yn y maen nhw'n gwneud eu gwaith, UES
'The UESWay', ac mae eu CSR yn cynnwys eu cenhadaeth a'u gwerthoedd craidd.
The news could also hurt TGK 1, where Boris Vainzikher, the former technical director of UES
, is CEO.
Gazprom has for years been hinting that it would be prepared to swap the power company's debt for equity in UES