Business
UES shares up 5.7% amid acquisition rumors
21:26 04/10/2005
MOSCOW, October 4 (RIA Novosti) - The shares of Russian energy giant Unified Energy Systems (RAO UES) rose 5.7% on the RTS Stock Exchange Tuesday, amid rumors that the company plans to acquire a stake in Silovye Mashiny and over its negotiations with Western firms on Russia's power generating sector, an RTS analyst said.
The analyst said UES was seeking to buy a 22.43% stake in Silovye Mashiny (Power Machines), Russia's leading manufacturer of equipment for hydro, thermal, gas, and nuclear power plants.
According to the expert, UES is negotiating an option for Western companies to acquire stakes in Russia's power generating companies.

Add to blog
You may place this material on your blog by copying the link.
Publication code:
Preview:

Send by e-mail
/business/20051004/41598646-comment.json
Leave a comment
Comment posted and will be opened after the pre-moderation.
Most read
Top multimedia

Image Galleries: “Dalmatian” Horses in Altai Mountains

Video: New Tank Assessment Program Unveiled

Infographics: Twitter: The World in 140 Characters

Cartoons: Tedious stability








