Printer Friendly

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


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

COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Date:Sep 6, 2011
Previous Article:Presidents Corporate inks LoI to buy Drake Energy.
Next Article:Deutsche Telekom does not see break-up fee in AT&T deal endangered.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters