OREANDA-NEWS. The Board of Directors of RAO "UES of Russia" instructed RAO UES representatives on the Board of Directors of TGC-4 to vote FOR the disposal by TGC-4 of its interest in OAO "Ryazanenergoremont".

The 100 percent stake (57,263,900 shares) in the company having a book value of RUB55.7 million will be sold to the highest bidder, without setting a start price.

The sale of Ryazanenergoremont is part of the programme being implemented by RAO "UES of Russia" aimed at complete or partial divestiture of its interests in R&M business.