OREANDA-NEWS. As reported by Veles Capital, an investment company, RAO "UES of Russia" offered state-held portfolio of TGC-9, under a reformation process framework. The energy holding is set to sell 34% of TGC-9 authorized capital by a single lot, with applications to be sent up to October 15. On par with state portfolio sales, shares of additional emission will be sold.

Company issues 3.673 trn shares nominated in 0.003 RUR, but will offer just enough to attract RUR17.33 bln of investment. The offering is expected to take palace October-November. According to Veles' experts, the main contestant for an additional emission and state portfolio of TGC-9 is IES. "IES spoke many times of its intention to buy state portfolio and emission of TGC-9, while FAS had approved of the purchase of 100% of the generating company. Also, one can recall that IES currently holds over 30% of TGC-9," the experts say.