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Linea buys 75% in Russiaa[euro](tm)s TGK-13.

MANews-(C)2009-2011

6 September 2011 - Bermuda-based Linea Ltd has bought a 74.94% holding in Russiaa[euro](tm)s Yenisei Territorial Generating Company (MCX:TGKM), or TGK-13, the latter said in a report today, as quoted by RIA Novosti.

The value of the transaction was not disclosed.

Linea took indirect ownership over TGK-13 via its 48.65%-controlled Cyprus-based unit Donalink Ltd as well as through Siberian Energy Investments Ltd and Sibenergoholding.

The Bermuda-based firm is owned by Russian businessman Andrei Melnichenko.

TGK-13 is engaged in operating electric power facilities in the Krasnoyarsk region.Country: Russia, Sector: UtilitiesTarget: Yenisei Territorial Generating Company TGC-13 OJSC (TGK-13 OAO)Buyer: Linea LtdType: Corporate acquisitionStatus: Closed

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Publication:M & A Navigator
Date:Sep 6, 2011
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