Russia's UES: Will Accept Offers To Buy TGK-10 Until Feb 25

Russias UES: Will Accept Offers To Buy TGK-10 Until Feb 25
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Παρ, 8 Φεβρουαρίου 2008 - 03:05
Former electricity monopoly RAO Unified energy system of Russia (EESR.RS) said Friday it has set a Feb. 25 deadline for offers to buy its 82% stake in Russian regional generation company OAO TGK-10 (TGKJ.RS).
Former electricity monopoly RAO Unified energy system of Russia (EESR.RS) said Friday it has set a Feb. 25 deadline for offers to buy its 82% stake in Russian regional generation company OAO TGK-10 (TGKJ.RS).

A UES spokeswoman said earlier this month that the sum of the deal is around $2 billion.

French giant Gaz de France (1020848.FR) is reportedly in talks with Russian oil producer OAO Lukoil (LKOH.RS) over filing a joint application to buy a controlling stake in TGK-10.

TGK-10 serves the heartland of Russia's oil production in western Siberia and the southern Urals.
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