OREANDA-NEWS. March 26, 2007. The public auction to sell the 25,03% stake held by RAO "UES of Russia" in OAO "WGC-5" will be held on 6 June 2007. Bids will be accepted from 27 March through 28 May 2007, reported the press-centre of  RAO "UES of Russia". The reserve price is equal to the fair market value of RUB 24,658 billion determined by an independent appraiser, with a price increment of RUB200 million, and the first increment of RUB342 million.


The auction will be arranged by OAO "Alfa-Bank", an Accredited Agent of RAO "UES of Russia", in accordance with the applicable Russian laws and pursuant to the RAO UES Board resolution of 9 February 2007. Both Russian and foreign legal entities and natural persons may take part in the auction. The auction participant that offers the highest price will be named the winner.  The Auction Notice (in Russian) may be viewed in the section Purchases and Announcements / Information about purchases and sales in OAO RAO "UES of Russia" on the Company's website.