30.04.2008, 12:13
En Group Acquired 100 % of CJSC Resursserviceholding Shares
OREANDA-NEWS. On 30 April 2008 was announced, that En+ Group has announced the completion of the transaction on the acquisition of 99.845 % of CJSC Resursserviceholding shares from Donalink Limited. As the Parties agreed, the transaction amount may not be disclosed.
CJSC Resursserviceholding comprises LLC VostSibUgol, LLC Kasyanov Concentrating Plant, LLC Ore Repair Works, 92.69% of JSC Tulunskiy coal field and LLC Svirskiy Ore Repair Works. In 2007, coal output totaled about 10 million tons.
LLC VostSibUgol, a structural subdivision of CJSC Resursserviceholding, is a major power-station coal producer in the Irkutsk Region and the main coal supplier to the Irkutskenergo Company being part of EuroSibEnergo.
Following the result of the transaction, the enterprises of Resursserviceholding will be part of EuroSibEnergo.
“This transaction will allow us to provide EuroSibEnergo with stable power-station coal supply and to strengthen our strategic positions in the power market,” said General Director of En+ Group Vladislav Solovyev.
"Now Irkutskenergo has the opportunity to make long-term coal supply plans. We got two main advantages – independence from price fluctuations in the solid fuel market and raw materials security, - said General Director of Irkurskenergo Sergey Emdin.
LLC EuroSibEnergo
LLC EuroSibEnergo is a major independent managing power company in Russia. Established in 2001, EuroSibEnergo is part of En+ Group.
The Company manages major Russian power companies with total installed capacity of over 20 million kW and serves more than 5 million consumers. LLC EuroSibEnergo manages the Volgaenergo Group, major blocks of stocks of JSC Krasnoyarsk HPP, JSC Irkutskenergo, and other Russian power companies. The electric power plants being under EuroSibEnergo’s control generate over 75 billion kWh of electricity and produce 30, 000 Gcal of heat.
JSC Irkutskenergo is one of the largest power companies in Russia. In Siberia, JSC Irkutskenergo is the leader in electricity and heat production.
Established in 2005, the power holding company En+ Group is the major shareholder of OK RUSAL, one of the leading aluminum producers in the world. En+ Group also comprises the Central-European Aluminum Company, which manages the KAP aluminum smelter in Montenegro, EuroSibEnergo , the largest electricity generator in Siberia, and the United Oil Group.
In 2006, En+ Group ‘s sales totaled \\$10.89 billion.
CJSC Resursserviceholding comprises LLC VostSibUgol, LLC Kasyanov Concentrating Plant, LLC Ore Repair Works, 92.69% of JSC Tulunskiy coal field and LLC Svirskiy Ore Repair Works. In 2007, coal output totaled about 10 million tons.
LLC VostSibUgol, a structural subdivision of CJSC Resursserviceholding, is a major power-station coal producer in the Irkutsk Region and the main coal supplier to the Irkutskenergo Company being part of EuroSibEnergo.
Following the result of the transaction, the enterprises of Resursserviceholding will be part of EuroSibEnergo.
“This transaction will allow us to provide EuroSibEnergo with stable power-station coal supply and to strengthen our strategic positions in the power market,” said General Director of En+ Group Vladislav Solovyev.
"Now Irkutskenergo has the opportunity to make long-term coal supply plans. We got two main advantages – independence from price fluctuations in the solid fuel market and raw materials security, - said General Director of Irkurskenergo Sergey Emdin.
LLC EuroSibEnergo
LLC EuroSibEnergo is a major independent managing power company in Russia. Established in 2001, EuroSibEnergo is part of En+ Group.
The Company manages major Russian power companies with total installed capacity of over 20 million kW and serves more than 5 million consumers. LLC EuroSibEnergo manages the Volgaenergo Group, major blocks of stocks of JSC Krasnoyarsk HPP, JSC Irkutskenergo, and other Russian power companies. The electric power plants being under EuroSibEnergo’s control generate over 75 billion kWh of electricity and produce 30, 000 Gcal of heat.
JSC Irkutskenergo is one of the largest power companies in Russia. In Siberia, JSC Irkutskenergo is the leader in electricity and heat production.
Established in 2005, the power holding company En+ Group is the major shareholder of OK RUSAL, one of the leading aluminum producers in the world. En+ Group also comprises the Central-European Aluminum Company, which manages the KAP aluminum smelter in Montenegro, EuroSibEnergo , the largest electricity generator in Siberia, and the United Oil Group.
In 2006, En+ Group ‘s sales totaled \\$10.89 billion.
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