Russia's direct stake in Rosseti at 75% after reorganization

MOSCOW, Jan 11 (PRIME) -- The main stages of power unility Rosseti's reorganization have been completed, Russia's direct stake in the authorized capital of the merged company is 75.000048%, the company said in a statement late on Tuesday.

“As a result of the reorganization, the Russian Federation's direct share in the authorized capital of the merged company Rosseti is 75.000048%. It was achieved, among other things, through the redemption of a part of shares in Federal Grid Company–Rosseti previously held by Rosseti, a public joint stock company,” the statement read.

Information about the operation termination of Rosseti, as well as Far Eastern Energy Management Company, was entered into the Unified State Register of Legal Entities from January 9, 2023, the company also said.

In July 2022, state-owned power grid operator Rosseti and its subsidiary Federal Grid Company of Unified Energy System (FGC UES) approved a merger on the basis of FGC UES. The subsidiary was to incorporate Rosseti, DVEUK, Tomsk Trunk Grids, and Kuban Trunk Grids.

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