OREANDA-NEWS. May 25, 2007.  LLC IES-Holding paid 2 250 million rubles for additionally issued shares of OJSC Russian Communal Utilities Systems.

Additional issue of RCUS shares is implemented in accordance with the decision of shareholders of the company on authorized capital increase by four times - from one billion rubles to four billion rubles approved on 2 August, 2006.

On 9 November, 2006 the Federal Service on Financial Markets of Russia registered additional shares issue in the amount of three billion rubles which is 30 million shares with a face value of 100 rubles. The floatation is implemented by private offering.

Thus, IES-Holding which owns at present 75% of RCUS shares bought out its share from the additional issue.