RAO UES Receives Five Bids for "Government Stake" in TGC-11
from Potential Strategic Investors
Moscow 21 April 2008. RAO "UES of Russia" has received five bids for
its 'government-stake' shares in TGC-11 from strategic investors. Currently, these bids
are being evaluated in respect of their accordance with the requirements.
RAO "UES of Russia" also states that it has not received any official bids
for the shares held by OAO "Rosneft Oil Company" or its subsidiaries in energy
companies, including TGC-11 shares for USD2 billion, as reported by the mass media.
As to the "shares-for-withdrawal of claims" scheme is unacceptable for RAO
"UES of Russia".
RAO "UES of Russia" expects that the situation concerning TGC-11 will be
resolved by the ad-hoc group comprising representatives of the Ministry of Industry and
Energy, RAO "UES of Russia", and OAO "Rosneft Oil Co".