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. The consolidation of Mosenergosbyt is in line with Inter RAO Group strategy in terms of ensuring an optimal asset holding structure.
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."
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Inter RAO Group is a diversified energy holding serving various segments of Russian and international electric power industry. The Group is the leading exporter and importer of electricity in Russia actively increasing electricity generation and sales, and developing new lines of business.
The corporate strategy of Inter RAO is focused on making Inter RAO a global energy enterprise, a key player in the global energy market, and Russia's leading electric utility by energy efficiency. Inter RAO Group owns and operates approximately 33.5 GW of installed power generation capacity.