Report: Russia’s Inter RAO may enter Latin America, Southeast Asia

MOSCOW, Sep 15 (PRIME) -- Russian power holding Inter RAO is interested in buying assets in Latin America or Southeast Asia, Ilnar Mirsiyapov, a member of the management board, told Reuters on Thursday.

Inter RAO wants to acquire a significant stake of a market, Mirsiyapov told Reuters after naming countries of Latin America and Southeast Asia as markets which the company sees interesting for merger and acquisition deals.

“We will not enter a market as a minority player who cannot be seen even through a microscope. It should be a program of a large-scale entrance, when your stake reaches 10% or even 20%. We have not ultimately defined such markets for us today, and one, two or three countries may become this market,” Reuters quoted Mirsiyapov as saying.

The company has already returned investments in a 2012 purchase of the Trakya power plant in Turkey, he said, adding that the company is ready to study any possibility in the Turkish energy sector.

He also said that Inter RAO is not considering the possibility of entering the European market.

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