OREANDA-NEWS. The Appraisal Committee considered the results of the of review by the United Expert Council of the report prepared by ZAO "Tsentralnaya Finansovo-otsenochnaya Kompaniya" ("Central Finance and Appraisal Company") to determine the fair market value of the 42.78% stake in AO "OES GruzRosenergo".

It was stated that the report was not in compliance with the Law On the Valuation Activities in the Russian Federation and the valuation standards required to be used by appraisal entities.

In view of the results of the review and the fact that the Committee had previously criticized the appraiser for the poor quality of its services, it was resolved to remove the company from the list of independent appraisal firms accredited by RAO "UES of Russia".