Inter RAO Group companies consolidated 100% of PJSC Tomskenergosbyt shares on their balance sheet after buying them back from minority shareholders in accordance with the Federal Law "On Joint-Stock Companies" (Article 84.8 allows such buyback if over 95% of a public company's shares are purchased).
Consolidation of PJSC Tomskenergosbyt is in line with Inter RAO Group's strategy in terms of ensuring an optimal asset ownership structure in order to increase asset management efficiency.
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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 33.3 GW of installed power generation capacity.