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. Last Updated: 07/27/2016

Mosenergo Share Issue

MOSCOW -- Russian regional utility Mosenergo said Friday that its shareholders approved a share issue worth 2.67 billion rubles to acquire power stations it previously leased.

Electricity giant Unified Energy Systems, which controls Mosenergo, has already approved acquisition of two power stations from UES and 21 substations from the city of Moscow.

After the issue, UES' stake in Mosenergo would rise to 50.87 percent from 49 percent and the Moscow government would acquire 2.9 percent.