PRESS: Rostec may get 30% in Rosseti via additional share offering

MOSCOW, Apr 24 (PRIME) -- Russia’s state industrial holding Rostec may obtain a 30% stake in power grid operator Rosseti by acquiring its additionally issued shares, Kommersant business daily reported on Tuesday citing sources.

A representative of Deputy Prime Minister Arkady Dvorkovich’s office told Kommersant that the deal should be analyzed, while Rostec, Rosseti, the Energy Ministry and the Federal State Property Management Agency, which controls 88% of Rosseti, declined to comment.

A source told Kommersant that Rostec may use the deal to ensure a sales market for its microelectronic operations.

End