INTER RAO UES Group has completed reorganization of its Russian power generation assets and transferred the generation facilities

INTER RAO UES Group has completed reorganization of its Russian power generation assets and transferred the generation facilities, earlier consolidated into JSC OGK-1 and JSC OGK-3, into ownership of JSC INTER RAO UES — Electric Power Plants, a wholly owned subsidiary of JSC INTER RAO UES,”-informed the Holding. Minority shareholders of JSC OGK-1 and JSC OGK-3 converted their stock into additionally issued common shares of JSC INTER RAO UES. All transactions with securities of JSC OGK-1 and JSC OGK-3 in the shareholder registry were ceased as of 1, October 2012.

Along with the reorganization INTER RAO UES fulfilled all its obligations to minority shareholders and bought out stock from all the shareholders of the mentioned companies who voted against the reorganization or abstained from voting. The redemption payment totaled RUB 11.7 bn. As the result, authorized capital of JSC INTER RAO UES will increase by 6.8% and the free float is to grow from 16% up to 18%. State and state-run companies will keep control of the company’s capital as their share will total 55%.