Bloomberg News

Federal Grid, MRSK May Be Handed to Rosneftegaz, Kommersnat Says

May 29, 2012

State-run Rosneftegaz, where former first deputy prime minister Igor Sechin was named as chairman this month, may get control over Federal Grid Co. and OAO MRSK Holding (MRSK), Kommersant reported, citing people familiar with the situation.

The state proposed the same directors to the boards of Federal Grid, Russia’s monopoly for high-voltage power transmission lines and MRSK Holding, Russia’s largest electricity distribution company, newspaper said.

Following this both companies may merge with a newly created unit in which Rosneftegaz will have 75 percent, Kommersant said.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


Coke's Big Fat Problem
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus