“RusGidro” intend to spend additional issue in 154,7 billion

Moscow. November 12. The Board of Directors of RusHydro on November 11, recommended that the extraordinary meeting of shareholders to approve additional shares for of 154.7 billion rubles, the company said.

The company plans to place by public subscription of 154.7 billion ordinary shares with a par value of 1 ruble each. Form of payment for the shares, involves monetary and non-monetary funds, namely the shares of JSC “DEK” JSC DVEUK.

The Board of Directors of RusHydro recommended the shareholders to approve the deal with VTB, the Bank will receive 20% of the shares in the company paying 85 billion rubles.

In addition, the meeting recommended to approve the contract of guarantee for JSC “RAO ES of the East” to Russia in the amount of 42.5 billion rubles.

Extraordinary meeting of shareholders held in absentia on December 25, register to participate in the meeting closes on November 23.

As reported, RusHydro, is planning an additional share issue in favor of VTB 85 billion rubles for refinancing of the loan portfolio “daughter” of “RAO ES of the East” and the placing shares to be exchanged for the assets to 99.99% DVEUK and a minority stake in “the contest”.

Group “RusHydro” – the energy holding run by the state, managing hydropower plants in the Russian Federation. The installed capacity of stations of the group and 38.5 GW, including electric power JSC “RAO Energy system of East” and Boguchanskaya HPP.