OREANDA-NEWS. Today Board of Directors of OAO "Fifth Generation Company of Wholesale Electricity Market" (WGC-5) priced its additional shares offering at 9 US cents per share.

The decision on the offering price was taken with the aim to maximize the capitalization of WGC-5 providing maximum share liquidity.

WGC-5 offered up to 5.1 billion additional shares, or 14.4% of increased charter capital. Investors’ demand for shares significantly exceeded the offer. The bidders were Russian as well as international institutional and strategic investors.

After the share placing the stake of RAO "UES of Russia" in WGC-5 will decrease to 75.03%.